When a company insider (never mind its own Founder and CEO) unloads a staggering amount of shares, it’s usually a pretty strong indication investors should follow suit.
“Mark Zuckerberg sold half a billion in META stock yesterday,” Hedgeye CEO Keith McCullough explains in this clip from The Call @ Hedgeye with Communications analyst Andrew Freedman.
“When I started on Wall Street, a $5-$10 million insider trade would get the whole Street going. Then it was $50 million. This is ten times that.”
“When was the last time Zuckerberg sold stock? November 2021—at the absolute all-time high of the Mother of All Bubbles, Mark Zuckerberg, one of the smartest people in American history, sold stock,” McCullough adds.
“Now, he’s selling it ahead of the quarter.”
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