CEOs of General Motors, Salesforce among corporate insiders selling stock last month

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CEOs of General Motors, Salesforce among corporate insiders selling stock last month
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Insider buying and selling is tracked closely by many professional fund managers.

General Motors CEO Mary Barra and Salesforce CEO Marc Benioff both sold millions of dollars worth of their own stock in the waning days of May, according to securities filings and information compiled by VerityData. Barra sold more than $27 million worth of stock on May 28, joining several other GM insiders who have done similar trades this year. Meanwhile, Benioff sold more than $12 million worth of shares over the course of several days.

Aviation CEO Joseph Adams Jr. bought 59,000 shares at an average price of $82.00 for a total of $4.84 million. This reflects shares purchased in an underwritten public offering that closed Thursday. Petco Health & Wellness director Cameron Breitner bought 750,000 shares at an average price of $3.14 for a total of $2.35 million. Agree Realty director John Rakolta Jr. bought 20,000 shares at an average price of $59.32 for a total of $1.19 million.

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