SCVL - Meta Platforms Pure Storage And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by around 100 points 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.
Meta Platforms
- The Trade: Meta Platforms, Inc. (NASDAQ:META) Chief Legal Officer Jennifer Newstead sold a total of 585 shares at an average price of $498.59. The insider received around $291,675 from selling those shares.
- What's Happening: Meta Platforms announced new features in its Meta ...