The Nasdaq 100 closed lower by around 0.3% 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.
Trade Desk
- The Trade: The Trade Desk, Inc. (NASDAQ: TTD) President and CEO Jeffrey Terry Green sold a total of 225,000 shares at an average price of $84.98. The insider received around $19.12 million from selling those shares.
- What’s Happening: On Feb. 15, Trade Desk reported better-than-expected fourth-quarter revenue results.
- What Trade ...