ZI - Amazon.com Nvidia And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by more than 2% 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.
Autodesk
- The Trade: Autodesk, Inc. (NASDAQ:ADSK) EVP, Chief Operating Officer Steven M Blum sold a total of 19,693 shares at an average price of $250.00. The insider received around $4.92 million from selling those shares.
- What's Happening: On June 18, Oppenheimer analyst Ken Wong maintained Autodesk with an Outperform and maintained a $275 price target.
- What Autodesk Does: Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and ...