Elon Musk’s brother Kimbal just sold Tesla shares. Did he just call a top?

The last time Kimbal Musk sold shares in the electric vehicle maker, he also exercised options to buy the same amount, just at a much lower price. At the time, sales of Kimbal Musk appeared to be a high for action for more than 2.5 months.

Kimbal Musk’s timing was also good this week. It sold its 30,000 shares on Feb.9 in a series of trades at a weighted average price of $ 852,117, according to a MarketWatch analysis of SEC data. The stock opened that day at $ 855.12 and traded in an intraday range of $ 859.80 to $ 841.75, before closing at $ 849.46.

Wednesday, the TSLA stock,
+ 0.26%
fell 5.3%, to an intraday high of just $ 844.82. It rose 1% Thursday at noon, but at $ 812.41 it was still well below where Kimbal Musk sold its stock.

Here are the jobs of Kimbal Musk:

• Sold: 7,971 shares at $ 850,277 (weighted average)

• Sold: 11,409 shares at $ 851,452

• Sold: 1,983 shares at $ 852,243

• Sold: 3,482 shares at $ 853,767

• Sale of 3,415 shares at $ 854,805

• Sold: 1,140 shares at $ 855,927

• Sold: 600 shares at $ 856,676

After the sale, Kimbal Musk still owned 599,740 Tesla common shares, or about 0.06% of the outstanding shares. His remaining stake is worth approximately $ 487.2 million in shares at current prices.

Tesla stock has risen 95% in the past three months, while the S&P 500 SPX index,
-0.25%
gained 9.6%.

Vanguard increases stake to become second largest shareholder

While Kimbal sold, the Vanguard Group revealed that it held 57.81 million shares, or 6.1% of the outstanding shares, according to an SEC filing Wednesday.

This now makes Vanguard the second largest shareholder, behind Elon Musk with around 18% and ahead of Capital Research & Management Co. with 5.5%, according to FactSet.

This means that Vanguard recently bought around 14.53 million Tesla shares, as the fund manager previously revealed that he owned 43.28 million shares, or 4.4% of the outstanding shares, as of September 30. . Prices paid for the shares were not disclosed.

Board member Antonio Gracias makes a pretty dime trading Tesla shares

In another SEC filing on Wednesday night, Tesla revealed that private equity investor Antonio Gracias, a long-time Tesla board member and close to Elon Musk, had acquired a total earlier this week. of 150,747 shares at a weighted average price of $ 58,149 per exercise of derivative securities. .

On February 9, the same day Kimbal Musk sold his shares, the record shows that Gracias sold 150,747 shares in a series of transactions. However, he didn’t do as well as Kimbal Musk, as he sold his shares at a weighted average price of $ 846,591.

Still, Gracias made $ 118.86 million on deals.

Here are the professions of Gracias:

• Vested: 97,000 shares at $ 52.38

• Vested: 53,747 shares at $ 68.56

• Sold: 1,930 shares at $ 842,596 (weighted average)

• Sold: 13,256 shares at $ 843.51

• Sold: 22,036 shares at $ 844,372

• Sold: 22,122 shares at $ 845,364

• Sold: 19,320 shares at $ 846,381

• Sold: 19,039 shares at $ 847.36

• Sold: 34,023 shares at $ 848,404

• Sold: 18,588 shares at $ 849.32

• Sold: 433 shares at $ 850,346

After the transaction, Gracias held 2,545 Tesla common shares.

–Steve Goldstein contributed to this report.