Record numbers of US executives are selling shares in their companies, as corporate insiders from Goldman Sachs to Tesla and even Donald’s Trump’s own media group cash in on the stock market surge that has followed his election victory. The rate of so-called insider sales has hit a record high for any quarter in two decades, according to VerityData.
Goldman’s shares have shot up 12 per cent since election day, benefiting from optimism over more mergers and less financial regulation under a second Trump administration. Spokespeople for Tesla and Palantir did not respond to requests for comment. “We’re pleased with the performance of our stock,” Goldman Sachs said in a statement. “Our senior leaders continue to have significant investments in Goldman Sachs and its future. The sales are a fraction of their overall ownership.