Tim Cook sells Apple stock worth in excess of $50 million

By news@appleinsider.com (Marko Zivkovic) Apple’s CEO, Tim Cook, has sold over 220,000 shares of Apple stock, which are valued at more than $50 million.Tim Cook has sold Apple stock worth over $50 million.Apple stock has always been one to hold long-term, but executives tend to sell off some stock from time to time. The practice is all above board, given delays on sales required to prevent insider trading practices.According to a recent filing with the U.S. Securities and Exchange Commission, Cook sold 223,986 shares for a total amount of $50,276,076. Continue Reading on AppleInsider | Discuss on our Forums

Source:: Apple Insider