Microsoft CEO Satya Nadella sells more than $285 million in Microsoft stock
CNN
It looks like Tesla's Elon Musk isn't the only high profile CEO getting rid of shares in the company they run. Microsoft chairman and CEO Satya Nadella has shed more than half of his stake in the software giant in the past week.
Nadella sold nearly 840,000 shares of Microsoft just before Thanksgiving, netting him about $285 million in proceeds, according to a filing with the Securities and Exchange Commission. He still owns more than 830,000 shares of Microsoft (MSFT), which are currently worth about $280 million.
It makes sense that Nadella would take some money off the table. After all, Microsoft stock has been a stellar performer this year, soaring more than 50%. Home Depot (HD) is the only Dow stock that has done better.
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