From Nasdaq: 2024-05-12 06:45:00

CEOs and billionaires are engaging in a wave of selling, offloading shares of their companies. Notable names include Jeff Bezos, Mark Zuckerberg, Jamie Dimon, the Walton family, and Warren Buffett. This trend is prompting questions about their motivations, especially in the current economic and political climate. Some are turning to defensive sectors like oil and tobacco for investments, seeking stability amid global uncertainties. Additionally, hedge funds are following suit, increasing their stakes in historically defensive sectors such as healthcare, utilities, and consumer staples. While monitoring the activities of billionaires and hedge funds can provide valuable insights, it’s important for individual investors to stay consistent with their long-term investment strategies rather than trying to time the market.



Read more at Nasdaq: Billionaires Are Selling These Stocks and Buying Up These Instead