Think it’s all roses over at Apple these days? Sure the stock’s flying high (kinda) and you should buy and hold right? Not if you’re an Apple executive you shouldn’t. Apple’s brass is dumping AAPL stock like rats jumping off a sinking ship. Do they know something that you don’t? You betcha, they do. Read more for the numbers…
Think it’s all roses over at Apple these days? Sure the stock’s flying high (kinda) and you should buy and hold right? Not if you’re an Apple executive you shouldn’t. Apple’s brass is dumping AAPL stock like rats jumping off a sinking ship. Do they know something that you don’t? You betcha, they do.
Apple has used up a lot of their iPod street cred and is cashing in a lot of their good will – and fast. Take a peek at AAPL’s Insider Transactions for some examples:
– Jonathan Rubinstein (Senior VP) sold shares worth over US$213M
– Philip W. Schiller (Officer) sold shares worth over US$39M
(including a planned sale of over $5.8M)
Also take note of the insider selling by Arthur Levinson (Director), Sina Tamaddon (SVP), Tim Cook (Officer) and Avie Tevanian (Officer). Now that’s a lot of iPods.
