What is everyone's thoughts on Michael dumping 10 million shares of stock Monday morning? in 2024 alone he's sold $4.3b worth of stock options.
https://finance.yahoo.com/screener/insider/DELL%20MICHAEL%20S
8 replies (most recent on top)
Dell has become a pyramid scheme tied to stock price. People with RSU's and options cash in, so the focus becomes pushing up the stock price as high as possible. If that requires cutting heads, so be it. They probably didn't have any RSU's to begin with.
@afv+1uIHVwar you are incorrect, a lot. Not only on how selling works, but how many shares are owned and gifted. Go back to college
He didn't dump anything, trades like this have to be disclosed in advance and approved as well, they are specific to the date of the sale, the amount and qty. to be sold. He also owns over 500 million shares, so this could simply be a way to continually diversify his portfolio since it represents such a miniscule percentage of his ownership.
Supermicro is down due to fraud
Super micro stock dropped 60% in the last 6 months. A lot of investors in AI servers lost money. Wall street may be nervous.
In my opinion he is being charitable. Maybe he knows AI factories will grow into a trillion dollar business and he wants to sell the stock to give others a chance to get rich.
He's the text book pump and dumper. Listen to his latest pumps on AI.
You can tell he's out of his comfort zone and sounds like an used car sales pitch.
No one really believes Dell is a player in AI.
Well he’s a human piece of sh-t so it’s not at all surprising. They have a goal of a workforce of no more than 75k and seriously do not give a sh-t about the lives and families they’ve impacted. Fu-k this place and every bootlicker there.