finance economics

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

Cook has started selling Apple stocks again, cashing in $50 million in the initial batch

2024/10/11

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Tim Cook, the CEO of Apple Inc., is selling shares of the company, with the initial sale amount from his latest two-year trading plan reaching $50 million, exceeding more than half of the total cash-out from his previous selling action.

According to documents submitted by Cook to the U.

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S. Securities and Exchange Commission (SEC), he acquired 477,301 shares of Apple stock on October 1 through existing restricted stock holdings, and sold 223,986 shares on October 2, cashing out $50.3 million at an average price of $224.46 per share. The remaining 253,315 shares are temporarily withheld by Apple to meet the withholding tax requirements associated with the restricted stock units (RSUs).

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