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These insiders are selling big following the market's rally

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Michael Dell and Mark Zuckerberg have sold hundreds of millions worth of stock recently.

CEOs of technology companies and other firms have been cashing in on this market rally, including a massive sale last week from Michael Dell, founder and CEO of Dell Technologies . Insider buying and selling is a metric closely tracked by many professional investors. While the transactions can be for legitimate reasons, fund managers look for insider trends as a sign of what management teams think about the direction of a business or how their stock is valued by the market.

mountain Shares of Dell have cooled recently after a massive rally. Another high profile CEO making moves is Mark Zuckerberg of Meta Platforms , who recently tallied roughly $114 million in stock sales, according to securities filings and VerityData. Zuckerberg's moves were done as part of a 105b-1 plan, which is a document filed with the Securities and Exchange Commission to schedule stock sales for executives.

 

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