<\/p>\n
JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company\u2019s stock.<\/p>\n
New SEC filings show Dimon sold a total of 866,361 shares at a price of $269.83 on Thursday, worth a whopping $233.77 million.<\/p>\n
According to the SEC Form 4 filing<\/a>, the shares sold are attributed to various entities including his family, GRATs, LLCs, and his spouse.<\/p>\n As Dimon executed the sale on February 20th, shares of JPMorgan Chase (JPM) sank from record highs at around $278 down to $266.<\/p>\n In February of last year, Dimon initiated his first-ever sale of the company\u2019s stock since becoming CEO in 2005.<\/p>\n He then executed another sale in April, completing a combined $182 million in sales in 2024.<\/p>\n Although Dimon has not made public comments on the sales, a company filing<\/a> said they\u2019re part of a predetermined plan for \u201cfinancial diversification and tax-planning purposes\u201d and that Dimon \u201ccontinues to believe the company\u2019s prospects are very strong and his stake in the company will remain very significant.\u201d<\/p>\n Shares of JPMorgan Chase (JPM) have surged 44% in the last year amid a broad spike in bank stocks, driven by a resilient economy and record-breaking earnings.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company\u2019s stock. New SEC filings show Dimon sold a total of 866,361 shares at a price of $269.83 on Thursday, worth a whopping $233.77 million. According to the SEC Form 4 filing, the shares sold are attributed to various entities including his family, […]<\/p>\n","protected":false},"author":2,"featured_media":373615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-373613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=373613"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373613\/revisions"}],"predecessor-version":[{"id":373617,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/373613\/revisions\/373617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/373615"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=373613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=373613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=373613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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