Insiders sell stock to diversify assets and is highly regulated and scrutinized. Insiders can only sell shares at certain times during the year, and when they do, they must acknowledge that they are not in possession of material, nonpublic information. Many insiders use planned selling programs as a means to ensure they do not violate insider-trading laws. Recently, various executives have taken part in insider selling activity for the stocks of Advanced Micro Devices, Inc. (NASDAQ:AMD), Facebook Inc (NASDAQ:FB), and International Business Machines Corp.(NYSE:IBM). Let’s take a closer look:
Advanced Micro Devices, Inc.
On November 14, Harry Wolin, Senior Vice President, General Counsel, sold 37,500 AMD shares, valued at $253,500. Wolin now holds 706,116 of the company’s shares that are valued at $7,378,234. According to TipRanks, which measures corporate insiders’ success based on their transactions, Harry Wolin has an average return of 33.1% and a 100% success rate. Wolin is ranked #4218 out of 35838 corporate insiders.
Before joining AMD in 2000, Mr. Wolin spent 12 years at Motorola, where his last role was Vice President and Director of Legal Affairs for the Semiconductor Products Sector.
In the past 10 days, COO Sheryl Sandberg unloaded 138,339 Facebook shares, valued at $16,412,457. The shares were sold via automatic sale program. Sandberg now holds 3,977,344 of the company’s shares that are valued at $471,869,735. According to TipRanks, Sheryl Sandberg has an average return of 43.7% and a 100% success rate. Sandberg is ranked #10548 out of 35838 corporate insiders.
Prior to Facebook, Sheryl was vice president of Global Online Sales and Operations at Google, chief of staff for the U.S. Treasury Department during the Clinton administration, a management consultant with McKinsey & Company, and an economist with the World Bank.
International Business Machines
SVP Jon Iwata yesterday disposed 19,866 International Business Machines shares, valued at $3,151,407. Iwata now holds 34,853 of the company’s shares that are valued at $5,555,734.
SVP Bridget Van-Kralingen on November 10 sold 855 shares, valued at $135,355. Van-Kralingen now holds 4,629 of the company’s shares that are valued at $737,353.
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