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CEOs and insiders sold record $69 billion of their stock so far Updated: 2021-12-02 08:11:24 KST

With looming tax hikes and high share prices, CEOs and corporate insiders have sold a record 69 billion US dollars in stocks this year.
According to InsiderScore, CEOs, founders and insiders have been cashing out at the highest pace on record, up 30-percent from 2020, as of Monday.
Experts say selling it likely to increase even more as December is usually an active month for sales due to tax planning.
However, while some market watchers see insider sell as a major warning sign, many of the stocks sold by these insiders, including Tesla and Amazon have continue to surge after the selling.
In addition, while higher federal tax for the 'super earners' may be contributed to the recent rise in selling, others say the biggest factor driving up the sales total is the high stock valuations.
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