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Michael Dell Sells $1.2B in Stock, Cuts Stake After S&P 500 Inclusion and AI Growth
DELLDell Technologies(DELL) Gurufocus·2024-10-07 18:11

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 1.2billionworthofsharesatanaveragepriceof1.2 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 ...