Corporate insiders including Amazon’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that has helped boost fortunes to the tune of trillions.
U.S. public company insiders offloaded shares worth $24.4 billion this year through the first week of May, with about half sold through trading plans, according to data compiled by Bloomberg. That’s almost as much as the $30 billion total they disposed of in the second half of last year.
Large shareholders frequently sell stock in planned intervals, often through prearranged trading
→ Continue reading at Crain's New York Business