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Several high-profile executives, including Michael Dell and Reddit CEO Steve Huffman, have been involved in insider trading activities, selling millions of dollars worth of shares in their respective companies. Michael Dell sold 4.3 million shares of $DELL valued at approximately $468 million, while Reddit insiders, including Huffman, sold over $32 million worth of $RDDT shares. These actions have raised concerns among investors and market observers.
Reddit Insider Trading Alert 🚨 CEO Steve Huffman didn't waste any time as he dumped 500,000 $RDDT shares (more than 40% of his holdings) for a total value of more than $16 million https://t.co/F0tyPTv035
Reddit CEO Steve Huffman disclosed a sale of 500,000 shares. But before Redditors get angry, there's something they should know. "It was known that he was going to sell some stock," says @VerityPlatform's Ben Silverman. "This is a portion of his holdings." $RDDT https://t.co/dbYy1O5pUu
$RDDT CEO sells $16.2M in stock, COO $16M, CTO $6M, CFO $2M.
