Dell Top Executives Sell $32 Million in Stock as AI Rally Accelerates -- Barrons.com
Dow Jones2026/09/24 20:59By Mackenzie Tatananni
Dell Technologies has faced a wave of insider selling as top executives, including its chief financial officer and general counsel, execute multimillion-dollar trades on the open market.
Recent filings with the Securities and Exchange Commission show two top executives sold more than $15 million in company stock combined on Sept. 17. Chief Financial Officer David Kennedy unloaded 23,896 shares for around $13.5 million, at prices ranging from $584.73 to $586.08 apiece, while General Counsel Richard Rothberg shed 4,000 shares for $2.3 million, or $583.36 each.
Insider sales have been occurring since the start of the month. On Sept. 4, Chief Human Resources Officer Jennifer Saavedra sold 25,251 shares at $520 each, amounting to $13.1 million. Chief Marketing Officer Geraldine Tunnell sold 5,436 shares at $523.52 apiece, or $2.8 million, the same day.
Dell didn't immediately respond to a request for comment from Barron's regarding the sales.
Together, the four executives sold roughly $31.7 million in company stock this month. These transactions account for less than 1% of Dell's more than 315 million shares outstanding.
Dell stock has surged more than 17% since the beginning of the month, outpacing both the Nasdaq 100 and the S&P 500. The indexes-both of which count Dell as a constituent-have gained 3.5% and 0.4%, respectively, in that span.
Since its founding in 1984, Dell has evolved from a scrappy personal-computer maker to a notable beneficiary of the artificial-intelligence boom as a major infrastructure provider.
Earnings on Sept. 2 provided the latest evidence of the company's momentum, as revenue attributed to its AI server business doubled from the previous year. Dell's backlog, a measure of orders that have yet to be converted to revenue, swelled to $95 billion from $51.3 billion.
Barron's named Dell as a stock pick in late May, reiterating a recommendation from October 2025. Shares have gained roughly 27% since the latest call.
Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members-so-called insiders-as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
September 24, 2026 16:59 ET (20:59 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Federal Reserve Bowman: AI Brings Both Opportunities and Risks to the Banking Industry, Fed Urges Strengthening of System Security Protections
Federal Reserve Vice Chair for Supervision, Bowman, warned that AI has a dual impact on the banking industry, serving both as a defensive tool and introducing new emerging risks. She urged banks to strengthen basic cybersecurity measures, including updating asset inventories, deploying multi-factor authentication, and improving vulnerability management. Bowman also stated that regulators will continue to adjust their examination approaches, implementing differentiated supervision for community banks instead of imposing blanket mandatory requirements.
Crypto prices
More
