Microsoft's CEO Just Sold $285 Million in Stock: Should Investors Panic?
A recent Nov. 24 regulatory filing revealed that Microsoft (NASDAQ: MSFT) CEO Satya Nadella sold a whopping $285 million worth of Microsoft stock over Nov. 22 and 23. The amount equated to about half his Microsoft holdings. Regarding the sale, a spokesperson for Microsoft merely stated that the sales were for "personal financial planning reasons and diversification reasons."
Executives who get paid mostly in stock are bound to sell some shares every now and then, but this was a huge sale, and came at a time when Microsoft was at all-time highs. So is Nadella's sale a signal of a top in Microsoft's red-hot stock?
Here are two reasons why, as a proud Microsoft shareholder, I'm not panicking.
Source Fool.com
