Tags: al gore | warren buffett | apple | stocks | shares | tech

Al Gore Sells Half of Apple Stock, Generates More Than $37 Million

Al Gore Sells Half of Apple Stock, Generates More Than $37 Million

Former Vice President Al Gore. (Photo by Kevin Hagen/Getty Images)

By    |   Sunday, 26 February 2017 06:37 PM

Former Vice President Al Gore sold more than $37 million in Apple stock in February, or about half of his holdings, CNBC reports

Gore, who sits on Apple's board of directors, made $29 million from his most recent transaction last Wednesday. He now owns 230,137 shares of Apple stock worth about $31.5 million. Gore in early February purchased 70,000 shares of Apple stock at just over $13 a share and then sold them at market price, gaining about $8 million in return.

He sold 215,437 shares Wednesday at an average sale price of $136.72, according to an SEC filing. Apple stock hit an all-time high of $134.54 earlier this month, reports CNBC.

Gore acquired the shares about four years ago after exercising stock options he received as an Apple director, a role he took on in 2003. 

Billionaire investor Warren Buffett, whose holding company Berkshire Hathaway owns 1.1 percent of Apple, is the company's eighth largest shareholder after big stock purchases last year. Unlike Gore, he appears to be bullish on maintaining his shares even as the stock price keeps climbing. 

Berkshire's stake in Apple is valued at approximately $8.3 billion based on Friday's closing price of $136.66.

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Former Vice President Al Gore sold more than $37 million in Apple stock in February, or about half of his holdings, CNBC reports.
al gore, warren buffett, apple, stocks, shares, tech
201
2017-37-26
Sunday, 26 February 2017 06:37 PM
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