The Nasdaq 100 closed lower by more than 100 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.
Bitcoin Depot
- The Trade: Bitcoin Depot Inc. (NASDAQ:BTM) Chief Operating Officer Christopher Scott Buchanan sold a total of 50,000 shares at an average price of $1.75. The insider received around $87,655 from selling those shares.
- What's Happening: On April 25, Bitcoin Depot revealed a strategic investment from Sopris Capital
- What Bitcoin Depot ...