The S&P 500 Index fell 30% between February 19 and March 20, which clearly shows how heavy the US stock markets have been hit. This drop in the stock markets caused many investors to suffer. But big investors have done whatever it takes to be affected by this drop as little as possible. Exit Strategy According to the news of the Wall Street Journal, many senior corporate executives in the US started selling their company shares between February 1 and March 19. The total value of the shares sold by the managers during this period is thought to be around $ 9.2 billion. Managers of these companies recovered almost $ 1.9 billion in losses by selling their company shares before the market went down. In addition to Bezos, BlackRock CEO Laurence Fink also prevented a great loss by selling shares early. Fink, who sold $ 25 million BlackRock shares on February 14, saved himself from $ 9.3 million loss. Lance Uggla, CEO of IHS Markit, also sold $ 47 million of shares on February 19, so he did not lose $ 19.2 million. How the company executives such as Bezos, Fink, Uggla decided to sell shares before the full market went down. The Wall Street Journal reports that there is no evidence that these names received insider information.
