CEO Applu Tim Cook sold shares in the company worth $33 million, or roughly 770 million crowns. However, after taxes, he received less than half of this amount, or roughly $16 million, into his account. Tim Cook specifically sold 196 shares in several sales.
If that seems like a lot, then it's good to remember 2021, when Tim decided to sell 5 million shares Applu worth 355 million dollars, or more than 7 billion crowns. Last year he sold shares Applu worth 41,5 million dollars.
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Stocks Applu reached its temporary peak on December 15, 12, when one share was selling for more than $2023. Since then, the value of the shares has decreased to the current $195 per share. Tim Cook However, as he himself stated, he has a business plan where shares are sold automatically under conditions that must be met.
This also means Cook can avoid potential problems with the Securities and Exchange Commission, which could question some sales because they would be taking place at a time when Apple introduced some products or, conversely, at a time when it became clear that the company would not do as well as analysts expected in the future. Tim Cook Like other managers of large corporations, he has inside information, which, however, cannot be used for trading on the markets.
Even according to Buffett, the bubble will burst, stocks are now overvalued.
Nvidia the same.