S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Apple Insiders Sell Hundreds Of Millions in Stock (AAPL)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Apple Inc. (NASDAQ: AAPL) even feels immune to insiders cashing out stock worth hundreds of millions of dollars.  The stock is up on a down day for the broader market and that is impressive considering filings made Tuesday evening.   Chief Executive Officer Tim Cook announced the sale of shares at taking place on March 26 at $600.79 for some 106,640 shares.  The total came to more than $64 million.  Senior Vice President, and Chief Financial Officer Peter Oppenheimer sold on March 26 a total 80,147 shares at $598.76 on average.  His sale generated proceeds of almost $48 million.  Other sales from insider were as follows:

  • Senior Vice President Philip Schiller sold about 120,000 shares at a price between $596.05 to $603.05.
  • Senior Vice President Robert Mansfield sold 56,016 at $596.05 per share on average.
  • Senior Vice President Scott Forstall sold 55,849 shares at $596.05 per share on average.

The reason that this is not hurting Apple’s stock is because these are restricted stock grants that have been held for years and they are also part of a Rule 10b5-1 trading plan.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Corporate Insiders Sell Billions in Top Stocks as Market Recovers
Jon C. Ogg |

Corporate Insiders Sell Billions in Top Stocks as Market Recovers

24/7 Wall St. has tracked a significant wave of insiders selling $1 million or more in stock in the final…

Massive Energy and Mega Cap Tech Trades Highlight Insider Selling: Parsley Energy, Microsoft, Apple, IBM, McDonald’s and More
Lee Jackson |

Massive Energy and Mega Cap Tech Trades Highlight Insider Selling: Parsley Energy, Microsoft, Apple, IBM, McDonald’s and More

While the insider selling was steady, it was nothing that resembled anything other than normal selling. With the markets trading…

Massive Technology Trades Highlight Insider Selling: Apple, Microsoft, Google, Texas Instruments and More
Lee Jackson |

Massive Technology Trades Highlight Insider Selling: Apple, Microsoft, Google, Texas Instruments and More

Once again last week the market was hitting all-time highs, and once again insiders were selling shares at a furious…

Lee Jackson |

Key Stocks With Insiders Selling This Week

ThinkstockIt should come as no huge surprise that insiders are ringing the cash register now. With all the major indices…

Lee Jackson |

Massive Brokerage Trades Highlight Insider Selling This Week

With a week that saw the end of April and a ton of volatility, we also saw some big insider…

Lots of Insiders Are Selling Apple, Facebook, Activision Blizzard and More
Trey Thoelcke |

Lots of Insiders Are Selling Apple, Facebook, Activision Blizzard and More

With the markets still at all-time highs last week, it was not at all surprising for us here at 24/7…

Lee Jackson |

High-Profile Tech Executives Set the Pace for Insider Stock Selling This Week

We screen the lists of insider selling each week at 24/7 Wall Street, and look for the high-profile names that…

Massive Technology Trades Highlight Insider Selling: Broadcom, Texas Instruments, DR Horton, Carnival, US Bancorp and More
Lee Jackson |

Massive Technology Trades Highlight Insider Selling: Broadcom, Texas Instruments, DR Horton, Carnival, US Bancorp and More

The number of insiders selling stock still dwarfed the buyers, and it could ramp back up as insider transaction windows…

CEO Thomas O’Hern Backs The Macerich REIT Outlook With $200K Purchase
247patrick |

CEO Thomas O’Hern Backs The Macerich REIT Outlook With $200K Purchase

Shopping Center REIT Macerich reported that its CEO purchased 22,200 shares on the open market.

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820