PDCO - Alphabet CrowdStrike And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed slightly higher on Tuesday. 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.
Alphabet
- The Trade: Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) Director John L Hennessy sold a total of 1,500 shares at an average price of $185.85. The insider received around $278,775 from selling those shares.
- What's Happening: On Tuesday, Wolfe Research analyst Shweta Khajuria initiated coverage on Alphabet with an Outperform rating and announced a price target of $240..
- What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary.
- Benzinga ...