The timing is probably coincidental, but it was a little odd to see Bill Gates report today that he sold nearly 2 million shares of Microsoft stock this week.
Tomorrow is Microsoft’s annual financial analyst meeting, an event that usually puts a positive spin on the stock.
Gates has steadily whittled down his Microsoft stake through big sales like Monday’s, when he sold 1,999,800 shares at prices ranging from $31.15 to $31.45. He’s still the biggest stockholder with about 11 percent of MSFT shares.
I wonder if he moved the money across town, into Amazon.com or Boeing. Maybe he just wanted to decorate his house like this.