The Nasdaq 100 closed higher by around 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.
Best Buy
The Trade: Best Buy Co., Inc. (NYSE: BBY) SVP, Controller & CAO Mathew Watson sold a total of 3,520 shares at an average price of $82.43. The insider received around $290,154 from selling those shares.
What’s Happening: Best Buy Co. Alphabet’s Google Cloud, and Accenture Plc have entered into a new collaboration ...
Related tickers: TRMB, BBY, BOX, MDB.
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