Key Points
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Wall Street’s “Magnificent Seven” companies, which include Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta Platforms, and Tesla, have collectively net-sold $8.4 billion worth of stock over the past year, raising concerns among investors.
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Insider trading activities, as reported via Form 4 filings, highlight significant net selling: Nvidia ($2.25 billion), Amazon ($5.72 billion), and Apple ($130 million), with Tesla being the only company to see net buying of approximately $1 billion driven by CEO Elon Musk.
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Insiders at Nvidia, Apple, Amazon, and Meta have not purchased any shares in the past year, a potential red flag indicating a lack of confidence in their companies’ future performance.
