META CEO Sells $30M in the Stock at 52-Week High: But Why?
There are few companies that have been winning on Wall Street the way that META has in recent weeks. However, a rather surprising development took place that has some investors spooked. Indeed, META CEO Mark Zuckerberg has sold $30 million worth of the stock at a 52-week high. This has left many wondering just why he would sell such a high point. The tech firm has been dominating, with it reporting a 49% jump in net income during its Q4 earnings report. Even despite ongoing geopolitical tensions and concerns growing, META is still up less than 1% and trading above the $709 mark Thursday. Just two days ago, the company reached an all-time high closing price of $704. Source: CNBC Also Read: META Stock Eyes 12th Straight Gain, Adds $235B in Record Streak META’s Zuckerberg Drops $300 Million in Shares: Here’s What to Know Throughout the first month of the year, META has established itself as a clear Wall Street winner. With the US enacting aggressive economic policy that has thr...