Weekly Insider Money Tracking: Tesla Stock Suffers Worst Week Since 2020 as Elon Musk Sells
1 | Below is a look at the top insider trades with the biggest value in the past week.
$Tesla(TSLA.US)$ wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker.
The decline occurred as Musk sold stock, which he has done repeatedly since November of 2021. Musk disclosed the sale of more than $3.5 billion in Tesla stock late Wednesday, after performing the trades over the three previous trading sessions, when the price declined a cumulative 12.4%. In total, the Tesla CEO has sold $39.3 billion worth of Tesla stock in the past 13 months, according to calculations from Dow Jones Market Data and MarketWatch.
2 | Weekly Congress tracking
The House Ethics Committee has directed Rep. Madison Cawthorn (R-N.C.) to pay more than $15,000 in fines and fees for encouraging people to purchase a cryptocurrency in which he had a financial interest that was not properly disclosed, according to Washingtonpost.
Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions. Individual investors could potentially make use of thisalternative data of the latest Senate stock disclosuresto obtainmarket insights.
Source: Benzinga, UnusualWhales
Disclaimer: Past performance can't guarantee future results. Investing involves risk and the potential to lose principal. This article is for information and illustrative purposes only.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Giovanni Ayala :
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Giovanni Ayala :
Giovanni Ayala :
103134428 : Sell TESLA and Purchase NIO
103134428 : Sell TESLA and Purchase NIO
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