CNBC: Google founders have sold $1 billion in stock since May, the most since 2017. “Google founders and controlling Alphabet stakeholders Larry Page and Sergey Brin have sold more than $1 billion worth of stock combined since May of this year. Beginning in May, the two sold Class A and Class C shares worth more than $1.07 billion, according to filings with the Securities and Exchange Commission compiled by OpenInsider.”
Axios: Pfizer’s CEO sold $5.6 million in stock on same day of vaccine news. “Pfizer CEO Albert Bourla sold $5.6 million worth of stock on Monday — the same day it said its and BioNTech’s coronavirus vaccine showed 90% effectiveness in preliminary results, which saw the company’s stock soaring almost 8%.” Apparently this is legal.
A citizen of Scotland has been indicted for a Twitter-based stock manipulation scheme. “According to the indictment, [James Alan] Craig, 62, of Dunragit, Scotland, alleged set up Twitter accounts using names similar to real market research firms for the purpose of manipulating stock prices. Craig issued tweets with false and fraudulent information about publicly-traded securities, causing the price of the securities to rapidly decline. Craig then bought securities of the targeted companies through his girlfriend’s brokerage account and later sold them at a higher price per security. Craig’s actions are alleged to have caused of more than $1.6 million in losses to shareholders.”