Bidness Etc takes a look at the recent insider selling by executives at Microsoft Corporation (NASDAQ:MSFT), Facebook Inc (NASDAQ:FB), and Google Inc (NASDAQ:GOOGL). The financial values of each sale are reported as follows.
Microsoft
COO Brian Kevin Turner dumped 69,158 shares (5.87% of his stake in Microsoft) for $3,156,689 through one transaction July 27. After making this transaction, Mr. Turner owns the remaining 1,108,469 Microsoft shares, priced at $50,257,984 as of Tuesday.
Microsoft shares dipped 0.02% to close at $45.34 Tuesday. As promised earlier, the company has released the much-awaited Windows 10 OS today. Unlike its previous Windows launches, this time the company has adopted a relatively quiet approach.
General counsel, vice president, and secretary Colin S. Stretch sold 1,000 shares (1.29% of his stake in Facebook) for $94,850 through one transaction July 28. After making this transaction, Mr. Stretch now has 76,512 Facebook shares remaining, valued at $7,290,828 as of Tuesday.
Facebook shares rose 1.19% to close at $95.29 Tuesday. The company is expected to report a new 52-week high of $100 or above as it reveals its second quarter (2QFY15) numbers after the closing bell today.
Director, co-founder, and 10% stakeholder Sergey Brin sold 33,332 shares for $21,493,772 through 22 transactions July 27. Mr. Brin now has 21,522,715 Google shares remaining after making the aforementioned transactions. The current market value of his leftover stake in the company is $1,419,767,4177.
Google stock ticked up 0.21% to trade at $659.66 on Tuesday’s close. The company is quietly detaching its social media Google+ accounts from other Google products. Now, users do not need to have Google+ profiles for using services such as YouTube.
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