Insider’s Selling (Part 2): Walton Family Cashes Out of Wal-Mart!

This is Part 2 of a 3-part series about Stock Market Insiders selling big chunks of their fortunes all at roughly the same time.

Part 1 was Jeff Bezos selling a record $8.5 billion worth of Amazon shares in case you missed it:

Insider’s Selling (Part 1): Jeff Bezos Sells $8.5 BILLION of Amazon Stock

Part 2 features the Walton Family of Wal-Mart fame.

And before we dig into that, allow me to reiterate once again the purpose of these articles.

First, because it's news and that's what we cover here.

But second, and more interesting to me, is that we have all of these big time insiders selling all at roughly the same time.

That catches my attention....

Because I always like to see and follow what they DO, not what they tell us. Because those things are often polar opposites.

The Walton Family has been selling millions upon millions worth of stock recently:

The Walton Family is selling MILLIONS of Walmart stock sales:
👇 pic.twitter.com/7alswBMvTc

— DailyNoah.com (@DailyNoahNews) February 29, 2024

Many on Twitter are claiming three Walton heirs each sold $1.5 billion:

🚨Unusual insider trade alert

The Walton family just sold $4.5 billion worth of Walmart $WMT

Each sibling (Jim, Alice, and Rob) sold $1.5 billion, the trades were reported after market close Friday - most likely to avoid media coverage

What don't they want us to know? pic.twitter.com/1SQHlGFecE

— Insider Tracker (@TrackInsiders_) February 24, 2024

A lot of people asking. Is it coincidence that the Walton family selling $4.5B worth of Wal-mart $WMT? What do you think? Let me help you. Find when insiders sell billions of their total holdings and what happens to the price 3 to 6 months after? You can thank me later 🙏 https://t.co/G28bxV4CA8

— Adithia Kusno ☦️🐂🚀💎🙌🎯 (@AdithiaKusno) February 25, 2024

But as best I can tell, that's not accurate.

From what I can see it is the Trust for the heirs that sold $1.5 billion in total -- I know, I know, they will just have to "rough it" and split $1.5 billion amongst the three of them.  I hope they can somehow make it!  🤣

Yahoo Finance confirms it is $1.5 billion in total sales (still a ton):

High-profile CEOs, founders, and heirs are selling stock by the bucketload in the companies that made them billionaires. For nearly the entire bunch, shares prices are trading near all-time-highs.

Jeff Bezos sold Amazon shares worth $8.5 billion in multiple transactions this month. Meanwhile, Jamie Dimon, CEO and chairman of JPMorgan Chase, sold $150 million in stock last week, his first cashing out since taking the top job at the bank 18 years ago. Around the same time, Leon Black, co-founder and former CEO of Apollo Global Management, shed $172.8 million in stock—also a first-ever stock sale.

In dozens of trades since the beginning of February, Mark Zuckerberg unloaded about 1.4 million shares of Meta stock worth roughly $638 million, according to an analysis from insider stock sales data firm Verity. This latest batch of sales came after previously culling 588,200 shares in November, 688,400 in December, and 447,200 in January. He sold nearly $600 million in the three months leading up to February and his proceeds from combined sales during the past four months have reached $1.2 billion.

Similarly, the trust for the Walton family, heirs to Walmart’s founder, sold $1.5 billion in Walmart stock this month. The family owns about 45% of Walmart’s shares, according to Bloomberg.

Many of the sales were made according to 10b5-1 trading plans that the executives set up late last year and early this year. These trading plans are created in advance so that shares are automatically sold by a broker at a specific date or when the stock hits a certain price. They’re set up to be triggered at a time when the executive doesn’t possess material non-public information that could potentially move the stock price and gives the executive a defense against potential insider trading charges by regulators.

The sales come as the S&P 500 index is at an all-time high, rising 28% in the past year. The Nasdaq composite index is up nearly 40% the past year.

Black, of Apollo Global Management, was the one founder of the bunch to sell outside of a 10b5-1 trading plan. His spokesperson said that the trade was made as part of routine tax and estate planning and to boost the growth of his family office, Elysium Management. The Walton family’s sales were also outside of a 10b5-1 plan. A 2015 statement from the Walton family said that its members will sell shares from “time to time” to curb increases in its ownership of the retail giant. The Waltons set up the trust that same year and told Walmart that it had no set timetable for sales of company stock.

Calm before the storm

Alan Johnson, a compensation consultant who works with financial services firms, said the stock sales could be due to the fact that the election might shake things up in the fall. Thus, if an executive is currently “more in the money” than they expected, diversifying their holdings is a good idea. Plus, wealthy stock holders may be taking advantage of tax breaks implemented during the Trump administration, noted Johnson, in case they are eliminated under any new administration or Congress after the upcoming elections.

So why are they selling?

Is everything just fine?  Or is this the calm before the storm?

Here is an overall summary 🤔

So why are these billionaires selling some stock if everything is fine?

- Jeff Bezos $8.5 billion of $AMZN
- Walton family sold $4.5 billion worth of Walmart $WMT
Each sibling (Jim, Alice, and Rob) sold $1.5 billion
- Warren Buffet sold some Apple… pic.twitter.com/9xWnxh7RkD

— Concierge Physician (@NFTConciergeDoc) February 26, 2024

Selling at or near the market top?

These people didn't get to where they are in life by being dumb.

I'll reiterate what I said in Part 1....

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RELATED:

Gold and Silver: "No one wants to sell at these make believe prices"

I've been telling you for a long time now that Gold and Silver are vastly undervalued.

I'm not a financial advisor and I can't tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless....it's being manipulated.

Now who would want to do that?

And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

I've you've been paying attention in life, you know the answer.

You know these crooks on Wall Street manipulate things down, ⭐️ then they load their boats, then they manipulate them up into a bubble.

Where are we in that process right now for commodities like Gold and Silver?

Right exactly where I placed that star up above.

⭐️ = You Are Here

The Big Boys are loading their boats.

But that's not just my opinion.

I'm a nobody.

Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

Here's my rough paraphrase:

"A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)...these countries are not complaining about suppressed low prices yet because they're accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these "make believe prices" then the public says "OMG, what have we been missing?"  And maybe that all happens in concert with a breakdown of the banking system, then the public says "give it to me now" and that's when you'll see the circuit breakers be put into affect.  But at that point it's too late."

Oh my!

It's so much better to listen to him explain it in his own words.

It's just 2 minutes long.

Watch here (as presented by my friend the Digital Asset Investor):

Comex 589 pic.twitter.com/uPzrOGXhZ5

— Digital Asset Investor (@digitalassetbuy) September 11, 2023

But it's not just Andy either.

It's this latest interview over at SGT Report.

Sean does such a great job over there of interviewing people on topics the MSM doesn't want you to see, and his latest is called "$1,000 Silver -- Seriously, Stop Laughing".

There's actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

Watch here:

I've been sounding the alarm for a while now...

Have you taken action?

As always, there's one thing I always say and it's never been proven wrong:  Watch what they DO, not what they SAY.

Who is "they"?

The same people Andy Schectman was talking about.

Big Governments.

Central Banks all over the world.

Big Business.

What are they doing?

They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they're laughing all the way to the bank because they're buying at what Andy says are "make believe prices".

Are you?

After the Great Financial Crash of 2008, I made a decision.

From that point forward, I would simply do what the Big Boys were doing.

I would simply watch what they're doing and copy it.

Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

So that's been my strategy since 2008 and it's worked very well for me.

Here's more....

Here's Why Banks Are Buying Up All of the Gold

I've got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

And it's not just some academic debate.

This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half....or worse.

These guys know what they're talking about and this short 8 minute clip is definitely worth your time to watch.

I always say this: don't listen to what the "Elites" tell you....watch what they are DOING.

And what are they doing?

Stacking gold and silver.

As much as they can get their hands on.

Look, I hope I'm wrong but I think we're in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

So what happens to YOU when that happens?

Watch this and then scroll down for how I can help you stay safe right now....

Watch:

So, what can YOU do to protect yourself?

To protect your family?

To stay safe?

Simple: you need to get some #Gold or #Silver in your own possession.

It's called "physical" gold and silver.

Not paper traded garbage on the stock exchanges that isn't backed by anything.

Don't touch that stuff.

I have two special hook-ups for you.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.

It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.

And I know you'll never forget it if I give you this GIF so....Let's Get Physical:

Now...WHERE do you get physical gold and silver and how do you know it's real and safe?