The Nasdaq 100 experienced a decline of over 100 points on Thursday, but investors were more interested in some recent insider trades. Insider sales can indicate various factors such as preplanned sales, concerns about the company’s prospects, or the belief that the stock is overpriced. However, it’s important to note that insider sales should not be the sole basis for investment or trading decisions. Here are a few notable insider sales:
Yelp:
– Yelp Inc. (YELP) CEO Jeremy Stoppelman sold 10,000 shares at an average price of $45.00, receiving around $450,001 from the sale. This comes after Yelp posted better-than-expected quarterly results. Yelp operates in the online content market, providing a platform to connect businesses and consumers.
Snap:
– Snap Inc. (SNAP) CEO Evan Spiegel sold 150,000 shares at an average price of $10.34, earning approximately $1.55 million. Snap, the parent company of Snapchat, announced a significant leadership change in its India operations. Snap is known for its popular social networking app, Snapchat.
Zoom Video Communications:
– Zoom Video Communications, Inc. (ZM) Director Santiago Subotovsky sold 2,067 shares at an average price of $73.49, receiving around $151,909. Zoom reported better-than-expected quarterly results and provided strong earnings guidance. Zoom offers a communications platform that connects people through video, voice, chat, and content sharing.
Amazon.com:
– Amazon.com, Inc. (AMZN) CEO Amazon Web Services Adam Selipsky sold 1,000 shares at an average price of $136.89, earning approximately $136,890. BMW will be utilizing Amazon’s cloud computing technology for the development of semi-autonomous driving features in its upcoming electric vehicles (EVs). Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators.
For more insider trades, you can visit Benzinga’s insider transactions platform. Additionally, check out our premarket coverage. And don’t miss Wall Street’s Most Accurate Analysts’ recommendations on consumer stocks with high-dividend yields. Remember, Benzinga does not provide investment advice.