Apple’s CEO, Tim Cook, has sold over 220,000 shares of Apple stock, which are valued at more than $50 million.
Tim Cook has sold Apple stock worth over $50 million.
Tim Cook has sold Apple stock worth over $50 million.
Apple stock has always been one to hold long-term, but executives tend to sell off some stock from time to time. The practice is all above board, given delays on sales required to prevent insider trading practices.
According to a recent filing with the U.S. Securities and Exchange Commission, Cook sold 223,986 shares for a total amount of $50,276,076.