EA - Cisco Systems Electronic Arts And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed higher by more than 100 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.
Cisco Systems
- The Trade: Cisco Systems, Inc. (NASDAQ: CSCO) EVP and CFO Richard Scott Herren sold a total of 119,937 shares at an average price of $50.02. The insider received around $6 million from selling those shares.
- What’s Happening: Cisco reportedly emerged victorious in a legal battle as a federal judge in Virginia dismissed patent infringement claims made ...