Large Investors Quickly Sell US Stocks Amid Rebound in New York Stock Market...

Recently, fueled by the rebound in the New York stock market, large investors such as corporations and private equity firms are rapidly offloading stocks.

On the 11th (local time), the Wall Street Journal (WSJ), citing Dealogic, reported that since the end of April, corporations and private equity firms have sold more than $24 billion worth of stocks as so-called 'Follow on' investments. In May alone, the transaction volume reached a staggering $17 billion. This figure far exceeds the monthly average of $6.9 billion recorded last year.

[Image source=Reuters Yonhap News]

About half of the sales were made by large investors, including private equity firms. Private equity firm Clayton, Dubilier & Rice sold approximately $2 billion worth of shares in the healthcare company Agilon Health, marking the largest sale in about a year. Intel sold more than $1.6 billion worth of Mobileye shares this month, exceeding its initial plan. General Electric (GE) liquidated about $2 billion worth of shares in the spun-off GE Healthcare Technologies, and American International Group cashed out $1 billion worth of shares in Corebridge Financial.

This trend emerged as the S&P 500 index entered a bull market last week, rising more than 20% from its previous low and continuing its rally. WSJ reported, "As stock prices rebound, corporations and major investors are selling shares at a pace unseen in years," adding, "Due to the robust market, discount rates are lower than usual," reflecting the current sentiment.