Apple CEO Tim Cook Sells $88 Million in Company Stock in Largest Selloff in Over 2 Years

Apple CEO Tim Cook sold $88 million worth of Apple shares last week, his biggest selloff in over 2 years.

Cook sold 270,000 shares on Friday and 241,000 on Monday, amounting to $41.5 million after taxes.

Cook's stake in Apple stayed the same as he was awarded the same number of shares he sold as part of his compensation.

The sales come after a rare stock slump for Apple, which fell 9% in September amid a broader downturn.

Cook is worth $1.9 billion according to Forbes, with a 0.02% stake in Apple worth $565 million.