MicroStrategy director quietly dumps all his MSTR shares
This month, MicroStrategy (MSTR) Director Carl Rickertsen sold all of his shares for a little over $10 million. Rickertsen hasn’t made any purchases of MSTR this year that met Securities and Exchange Commission (SEC) reporting requirements, and he has traded in only one, decidedly bearish direction. He has, however, bought MSTR stock in previous years. Indeed, in 2022, he invested $700,000 in the company. According to legendary stock analyst Peter Lynch, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” And since 2022, the price of MSTR has clearly risen. Rickertsen bought $608,000 of MSTR on June 13, 2022. As of today, MSTR has rallied 152% from his $152-per-share purchase. Ever the opportunist, however, Rickertsen didn’t wait until today to sell that purchase. Indeed, he sold half of his 4,000-share position in 2023 . Rickertsen hasn’t made any MSTR purchases this ye...