https://simplywall.st/stocks/us/tech/nyse-dell/dell-technologies?
Chairman & CEO recently sold US$361m worth of stock
On the 10th of September, Michael Dell sold around 3m shares on-market at roughly US$106 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade.
In the last 3 months, they made an even bigger sale worth US$761m.
Michael has been a net seller over the last 12 months, reducing personal holdings by US$2.5b.
@you+1uuQy7yU - assuming you work for Dell, you wouldn't have a job currently without him. If you don't make enough, go find another job. Invent something. Create a business. You have opportunities to make yourself.
You’re a piece of trash Michael. Making your living off the backs of others. People like you make me sick.
Saving the Balance sheet to satisfy the Shareholders = Layoff's. Many more will be on the way by end of 2024 and beyond. It is the circus you all got involved in
I am not defending MD but this really isn't that much money. MD is worth over $90 BN. Most likely this sale is done for tax reasons. There are a lot of other legitimate reasons to be worried but this isn't one of them.
Now you know why DELL is laying tens of thousands off. Basically they want the stock up while they are selling.
Cheers
Apparently someone doesn’t trust much the future of his own company