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Gore dumps half his Apple stock

by on27 February 2017


Inconvenient truth

It is starting to look like Apple board member Al Gore has had to face the inconvenient truth that the fruity tax-dodging cargo-cult is doomed to go the way of the polar bear.

Gore flogged sells $29.5 million of his Apple shares according to a US, Securities and Exchange Commission filing. That is 215,437 shares of AAPL stock worth about $29.5 million or about a dozen iPhones.

The former US vice president turned environmental activist was appointed to Apple's board in 2003. He bought the stock four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so the shares were valued at $502.68 each.

Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches his $29.6 million purchase of AAPL shares made in 2013.

He still owns 230,137 shares of Apple stock worth $31.5 million but getting rid of half of his shares in one go means he thinks the days of stonking profits are gone and he is better off investing the cash somewhere else.

Last modified on 27 February 2017
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