Apple (AAPL) CEO Tim Cook made his bigཧgest sale of company stock in more than tw♉o years as shares of the iPhone maker have lost ground since hitting an all-time high this summer.

In a regulatory filing, Cook reported he sold 511,000 shares at between $171 and $173 each for a total of $87.8 million. He still holds 3.28 million shares. In August 2021, Cook sold about 4.6 million shares valued at more than $750 million.

Senior Executive Vice Presidents Deidre O’Brien and Katherine Adams joined Cook in disposing of shᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚares, each selling some $11.3 million worth.

Apple helped lead a rally in tech stocks this year, closing at a record of $196.45 on July 31. That was a more than 50% year-to-date increase. However, since that 𝔍time, share🅺s have faded, losing about 12% from that peak. 

Shares were little changed on Wednesday as of 3 p.m. ET following the news, and after longtime Apple bull, KeyBanc’s Brandon Nispel, 澳洲幸运5开奖号码历史查询:downgraded the stock. Nispel said valuations are too high and warned that U.S. iPhone sales are likely💦 to🦩 struggle.