SNAP - Snap American Express And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by around 80 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.
Snap
- The Trade: Snap Inc. (NYSE: SNAP) CEO Evan Spiegel sold a total of 150,000 shares at an average price of $11.11. The insider received over $1,666,530 from selling those shares.
- What’s Happening: Snap shares announced that it entered into various ...