Tech Insiders Sell Over $160M in Shares, Bezos Unloads $8.5B as Stocks Soar

Insiders at the Magnificent Seven tech companies, including high-profile executives like Jeff Bezos and Mark Zuckerberg, have significantly increased their stock sales, collectively earning over $160 million since late 2023. This surge in insider selling, the first of its magnitude in up to nine years, coincides with the stocks reaching record highs. Notably, Bezos alone sold $8.5 billion worth of Amazon stock. The trend reflects a broader pattern where insiders are realizing gains from the stocks that have driven the boom in US equity markets.