LRCX - Amazon Broadcom And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed higher by more than 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.
Broadcom
- The Trade: Broadcom Inc. (NASDAQ:AVGO) President and CEO Hock E Tan sold a total of 7,502 shares at an average price of $1,705.95. The insider received around $12.8 million from selling those shares.
- What's Happening: Broadcom announced in June that it would be splitting its stock on a 10-for-1 basis to make ownership more accessible for investors and employees.
- What Broadcom Does: Broadcom is the sixth-largest semiconductor company ...