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FANG insiders get rid of shares
Insiders of IT-giants led by Mark Zuckerburg are selling their shares with the fastest pace in six years, Bloomberg reports. Top-managers and directors of Facebook, Amazon.com Inc., Netflix Inc. and Alphabet Inc. sold this year $4,58 billion of shares. If selloff continues, then this amount can exceed $5 billion in the first half of 2018.
Insiders of IT-giants led by Mark Zuckerburg (Facebook Inc.) are selling their shares with the fastest pace in six years, Bloomberg reports.
Top-managers and directors of Facebook, Amazon.com Inc., Netflix Inc. and Alphabet Inc. (Google) sold this year $4,58 billion of shares. If selloff continues, then this amount can exceed $5 billion in the first half of 2018. It is the highest level since Facebook started selling its stocks in 2012.
Only Zuckerburg alone sold $2,84 shares this year to finance philanthropic projects.
Shares of four companies show good results this year and closed near record high on Monday. For example, Netflix rose by 88%.
Experts think that investors shall monitor further sales to predict future market behavior.