The Nasdaq 100 closed lower by around 275 points on Thursday. 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.
Zoom Video Communications
- The Trade: Zoom Video Communications, Inc. (NASDAQ: ZM) Chief Operating Officer Aparna Bawa sold a total of 13,268 shares at an average price of $69.36. The insider received around $920,313 from selling those shares.
- What’s Happening: HSBC analyst Stephen Bersey initiated coverage on Zoom Video Comms with a Buy rating and announced a price target ...