Michael Dell Unloads $465 Million of Shares After Record High
- Tech CEO has been selling on near daily basis since March 6
- Computer firm’s earnings beat estimates on AI enthusiasm
Michael Dell
Photographer: Matthew Busch/BloombergThis article is for subscribers only.
Michael Dell is unloading shares in his namesake computer company for the first time in almost three years as Dell Technologies Inc.‘s stock soars on artificial-intelligence optimism.
Dell’s chief executive officer has been selling on a near daily basis since March 6 and has now disposed of more than 4 million shares worth about $465 million, according to Bloomberg calculations.