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Apple CEO Tim Cook Sells Nearly 200,000 Shares, Nets $33 Million

Apple CEO Tim Cook sold 196,410 of his shares in Apple in the past week. Based on the average selling price, these shares were worth $33.2 million, and Tim Cook pocketed $16.4 million after taxes.

According to media reports, all of the shares sold by Tim Cook were given to him as performance bonuses. Tim Cook, like other Apple executives, has a pre-determined trading plan for selling company stock to prevent insider trading.

Despite the sale of shares, Tim Cook still owns nearly 3.2 million shares of Apple. He has been CEO of Apple since 2011 and has received stock bonuses on numerous occasions. Fortune magazine said in 2015 that Tim Cook wants to eventually give away all of his wealth.

Analysis:

The sale of shares by Tim Cook is likely due to a number of factors, including the recent decline in Apple’s stock price. However, it is also possible that Cook is simply taking some profits off the table after a long period of growth. The fact that Cook still owns a significant number of shares suggests that he remains confident in Apple’s long-term prospects.

Additional Information:

Tim Cook has been CEO of Apple since 2011.
Cook has a net worth of over $1 billion.
Cook has said that he wants to eventually give away all of his wealth.
Apple is the world’s most valuable company.
Apple’s stock price has been on a decline in recent months.

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