MAC - eBay Alphabet And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed higher by around 3% 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.
Macerich
- The Trade: The Macerich Company (NYSE: MAC) President Edward C Coppola sold a total of 50,000 shares at an average price of $17.20. The insider received over $860,045 from selling those shares.
- What’s Happening: On Feb. 7, Macerich posted in-line quarterly earnings.
- What Macerich Does: The Macerich Company is an S&P 500 company that invests in premium ...