WSM - Nvidia Electronic Arts And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by around 600 points on Wednesday. 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.
Williams-Sonoma
- The Trade: Williams-Sonoma, Inc. (NYSE:WSM) President and CEO Laura Alber sold a total of 40,000 shares at an average price of $156.45. The insider received around $6.26 million from selling those shares.
- What's Happening: On July 16, Wedbush analyst Seth Basham maintained Williams-Sonoma with an Outperform and lowered the price target from $350 to $175.
- What Williams-Sonoma Does: With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused ...