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Apple CEO Tim Cook Sells Another $28.7 Million in Stock
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Made me laugh out loud at my quiet office, thanks.
Insider selling is never a good indicator of stock performance expectations. Especially if it's options that they never paid for in the first place, it's all profit.
People will sell for a multitude of reasons, but when insiders are buying, now that's a good sign (only if it's a significant amount though)
Apple stock will rise and fall, but I'm happy with their products and that's what matters most to me
People will sell for a multitude of reasons, but when insiders are buying, now that's a good sign (only if it's a significant amount though)
Apple stock will rise and fall, but I'm happy with their products and that's what matters most to me
That was just sarcasm with a dash of cynicism. And aimed not at the amount he is selling but percentage of tax
I see no reason to panic, however it's kinda interesting. Elon Musk buys more tsla stock, because he believes in the future vision. Is Tim selling for the opposite reason or otherwise?
So he's now sold all of the shares that vested last Wednesday that weren't withheld for tax purposes.
Last Wednesday he had 1,260,000 shares vest and 656,117, about 52% of them, were withheld for tax purposes. On Thursday he sold 224,000 shares. On Friday, Monday and Tuesday he sold 110,000 each day. Then today he sold the remaining 49,883. That leaves him with the number of shares, 1,039,809, that he held (in his trust) before he had shares vest last Wednesday.
As a side note: 600,000 shares - the approximate number that he sold over the last week - would be about 2% of the average daily trading volume for AAPL.
One more note: According to the SEC filings, he last changed his trading plan in May of this year. So these sales would have been planned then at the latest.
Last Wednesday he had 1,260,000 shares vest and 656,117, about 52% of them, were withheld for tax purposes. On Thursday he sold 224,000 shares. On Friday, Monday and Tuesday he sold 110,000 each day. Then today he sold the remaining 49,883. That leaves him with the number of shares, 1,039,809, that he held (in his trust) before he had shares vest last Wednesday.
As a side note: 600,000 shares - the approximate number that he sold over the last week - would be about 2% of the average daily trading volume for AAPL.
One more note: According to the SEC filings, he last changed his trading plan in May of this year. So these sales would have been planned then at the latest.
I was going to have Eddy ask "should we tell Jonny?" but I couldn't think of a good line about Jonny being all douchey in some foriegn country hob knobing with fashion icons for Tim to say. Maybe even a line about moving the bands on the phone around or working on a red iPhone for charity. Something. Suggestions are welcome.Made me laugh out loud at my quiet office, thanks.
Goodby Tim.
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"Come on, take the money and run...doop, doop, doop, come on, take the money and run."
S. Miller
[doublepost=1472694278][/doublepost]
You should take off your Rose Colored Glasses.
[doublepost=1472693970][/doublepost]
"Come on, take the money and run...doop, doop, doop, come on, take the money and run."
S. Miller
[doublepost=1472694278][/doublepost]
You should take off your Rose Colored Glasses.
This year it will be their best ever line up, just like it has been for the past 3 years, their, Mac, line up hasn't updated in that time.
The only thing weirder that your post, which at least one can explain by a juvenile desire to be among the first posts for this story, is that people liked it.
Don't worry, the way Android is dominating you'll have plenty of choices phone wise.
For desktop computers you better learn Windows and build your own.
As for tablets, Surface PRO.
Apple TV replacement? Take your pick.
Smart watch would be Gear 3.
iPod Touch? LOL
If iOS didn't run as smooth as it does I would jump ship. It's the only thing keeping me here.
You literally have no idea what you are talking about. These sales are planned months in advance. That's because trading on inside information is a felony. He gets most of his pay in Apple stock, some of which he sells in order to diversify his portfolio. Like anyone would do who is not a fool.
Those are both valid points. But one also has to consider the fact that it's commonly known that Apple consistently announces and releases new iPhones in autumn and that Tim Cook has insider knowledge of the iPhone development cycle.
I personally don't believe that Tim Cook is offloading shares of Apple because he believes the iPhone 7 will be underwhelming, but such fears would not be completely unfounded.
Yay, the stock expert is here! We were all waiting for you arrive
probably not confident about the launch next week, otherwise who wouldn't wanna wait for just another few days and make some serious extra cash.
