Insiders Selling Amazon, Costco And 2 Other Stocks
The Nasdaq 100 closed higher by over 50 points on Monday. 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.
- The Trade: Amazon.com, Inc. (NASDAQ: AMZN) CEO Amazon Web Services Adam Selipsky sold a total of 1,000 shares at an average price of $138.90. The insider received around $138,900 from selling those shares.
- What’s Happening: Amazon recently revealed a new feature ...
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