Tech giant CEOs sell over $6bn of stock in 2021

The chief executive officer's of the five major technology companies in the world sold $6.36bn worth of stock in their firms between January and May 2021, revealed the latest data from Finbold.

Amazon owner Jeff Bezos led the table, having offloaded AMZN shares worth $4.9bn. Facebook CEO Mark Zuckerberg sold $1.2bn of his stock. Cumulatively, the two executives offloaded $6.1bn-worth of shares in their respective companies.

Nvidia CEO Huang Jen Hsun sold $77.28m worth of shares to rank third. Microsoft chief executive Nadella Satya divested $65.44m of MSFT stock, while Alphabet’s Pichai Sundar sold $33.05m.

Among the top tech companies, only Tesla and Apple's CEOs had yet to sell some of their stock in 2021.

According to the report, it was these two companies which have recorded a spike in the value of their stock over the past year.

The report said that although insider trading was increasing in popularity, the activity remained an essential indicator for investors to predict future price movement.

Overall, insider trades offer insights into the overall market and investor outlook. Nevertheless, when a single executive sells more but others hold their shares, it does not call for alarm among investors.