Michael Dell Sells $1.2B in Stock, Cuts Stake After S&P 500 Inclusion and AI Growth

Michael Dell (Trades, Portfolio), the founder and CEO of Dell Technologies (DELL, Financial), has recently sold a significant stake in his own company, unloading approximately $1.2 billion worth of shares at an average price of $122.40 each. Despite this sale, he still retains 16.9 million shares, maintaining the largest holding in the company. The timing of Dell's sale is a most surprising element. It comes shortly after Dell Technologies was added to the prestigious S&P 500 Index, marking a significant mi ...