Why are whales selling their stocks ?

The recent selling of stocks by whales can be attributed to several factors, considering the provided data and relevant news:

1. Market Sentiment and Index Performance: The S&P 500 Index experienced a notable increase of 2.07%, while the Nasdaq 100 had a downturn. This divergence in index performance could have influenced the selling decisions of whales, as they might perceive the broader market trend as unfavorable, particularly for tech stocks.

2. Insider Trading News: The news highlights insider selling in various stocks, including Starbucks, Regeneron Pharmaceuticals, and Amazon. This type of selling could signal concerns about a company's prospects or an overvalued stock. Whales might be following similar sentiments and selling their holdings in response.

3. Specific Company News: The news about Shailendra Swarup, a company insider, selling a significant portion of his GFL shares, could have raised concerns among investors, including whales, about the company's future performance.

In summary, the selling pressure from whales could be a result of perceived unfavorable market conditions, concerns about specific companies, and insider trading activities. These factors combined could have led to the observed movement in stock prices.