Apple’s (NASDAQ: AAPL) senior personnel have been no strangers to massive insider trades throughout 2024, and the most recent such sale was made by the company’s largest individual shareholder, Arthur D. Levinson.
According to a November 19 Securities and Exchange Commission (SEC) filing, Levinson executed three sales of AAPL shares between Friday, November 15, and Tuesday and raised a total of about $45.4 million.
The two initial sales involved 75,000 shares and the third 50,000 – 200,000 overall – and were made at average prices of $224.68, $228.66, and $229.28, respectively.
Picks for you
Even after the massive offloading of Apple stock, Levinson remains the company’s largest individual shareholder – only institutional investors such as Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) are ahead – with more than 4.1 million AAPL shares owned.
Arthur D. Levinson is involved with Apple as the company’s chairman but is also the CEO of Calico, one of Alphabet’s (NASDAQ: GOOGL) ventures.
Apple insider activity slows in November
Though insider activity regarding AAPL stock was limited in November, the chairman is not the only one to have reduced his stake in the company during the month.
Also on Tuesday, Chris Kondo, the Principal Accounting Officer, sold 4,130 shares at an average price of $228.87, raising a total of about $945,233.
Last month, there was significantly more insider activity, with Apple CEO Tim Cook making the single biggest sale, offloading 223,986 shares at an average price of $224.46 and raising more than $50 million.
The timing of November AAPL stock insider sales
The latest AAPL stock insider sales come as Apple shares are slowly recovering from a significant late October drop that ensured the tech giant is 3.71% down in the last 30 days.
Additionally, the reported insider activity came after Donald Trump’s victory provided the markets with significant tailwinds and helped AAPL rally 2.25$ since November 6 and ahead of the next expected stock and industry catalyst: Nvidia (NASDAQ: NVDA) earnings report scheduled for November 20.
Featured image via Shutterstock
