WEN - BlackRock Wendy's And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed higher by more than 250 points on Friday. 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.
iRobot
- The Trade: iRobot Corporation (NASDAQ: IRBT) Director Colin M Angle sold a total of 179,503 shares at an average price of $11.46. The insider received around $2.06 million from selling those shares.
- What’s Happening: On Feb. 26, iRobot reported mixed fourth-quarter financial results.
- What iRobot Does: iRobot Corp ...