The Nasdaq 100 closed higher by over 2% 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.
Couchbase
- The Trade: Couchbase, Inc. (NASDAQ: BASE) Director Lynn M Christensen sold a total of 14,532 shares at an average price of $20.52. The insider received around $298,163 from selling those shares.
- What’s Happening: Couchbase, last month, reported upbeat results for its third quarter and issued ...