The Founder of Dell Is Selling $1.3 Billion Worth of Shares. Should Investors Be Getting Out, Too?
Dell Technologies(DELL) The Motley Fool·2024-06-28 00:21People sell shares for all kinds of reasons.Dell Technologies' (DELL 0.03%) stock price has soared 80% so far in 2024. Recently, Michael Dell, the firm's founder and CEO, announced his plans to sell 10 million shares of Dell Technologies stock, worth around $1.3 billion. The sale was to take place around June 6.When an executive, especially the founder and CEO, sells so many shares, investors might wonder if they should do the same.Why is Michael Dell selling Dell stock?Ten million shares sounds like a lot, ...