Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have sold stock worth about $9 billion. They might think markets can’t go much higher.

Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have
recently sold large amounts of shares in their respective companies,
Amazon, JPMorgan, and Meta. Bezos alone sold 50 million shares
of Amazon, totaling $8.5 billion. Dimon’s sales, the first in his
18-year tenure as JPMorgan’s CEO, amounted to about $150 million, while
Zuckerberg cashed in $400 million worth of Meta shares.
Despite these sales being part of pre-arranged
trading plans, they raise questions about the executives’ outlook on
their companies’ stock prices. While the sales could be driven
by various factors, such as the need to diversify portfolios or cover
large expenses, they also signal to the market that the shares might be
fully valued.