I usually don’t read too much into it when a corporate executive sells stock in a company they are associated with (or formerly associated with) since there are many reasons why someone might sell shares of stock that are unrelated to the fundamentals of the business. Also, even if an executive does sell a stock for “fundamental reasons” relating to expectations of future business performance, so what? If you look up any great-performing business over the past twenty years, you will find some executives sharing shares every quarter. Heck, in 2008, there were five executives at Visa (V) that sold stock at a price between $16 and $18 per share that is now worth $188 per share.
Notably, however, it was recently disclosed (per SEC filings) that the Uber co-founder Travis Kalanick sold nearly all of his stock in Uber. In May 2019, when the stock went public, Kalanick had … Read the rest of this article!