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I wonder what impact him selling all his stock had on the share price. They floated 180M shares at IPO, Travis owned 117.5M. Average daily volume is about 25M s

I wonder what impact him selling all his stock had on the share price. They floated 180M shares at IPO, Travis owned 117.5M. Average daily volume is about 25M shares.

loftyai 7y ago
The release of the news might move the market a bit, but typically for these large volume trades, they don't go through the typical exchanges like NYSE. Instead, traders will often deal with another large player through an OTC transaction.
- stingraycharles 7y ago
  Also, I assume this would have been announced in advance, not? Or doesn’t this apply to him as he’s not an executive anymore?
- alexnewman 7y ago
  Many studies have shown that in the long term, OTC and normal trades have same stock impact.