The Nasdaq 100 closed higher by around 0.2% on Thursday, with investors keeping an eye on some interesting insider trades.
When insiders sell shares, it could be for various reasons, such as preplanned sales or concerns about the company’s future. Insider sales are just one factor to consider when making investment decisions.
Let’s take a look at a few recent notable insider sales:
NETGEAR
– The Trade: NETGEAR, Inc. (NASDAQ:NTGR) Chief Legal Officer Andrew Wonki Kim sold 5,889 shares at an average price of $14.50, totaling over $85,391.
– What’s Happening: Netgear recently reported fourth-quarter financial results and issued first-quarter net revenue guidance below estimates.
– What NETGEAR Does: Netgear Inc is a provider of networking solutions for connected homes and Small and Medium Businesses (SMB).
Electronic Arts
– The Trade: Electronic Arts Inc. (NASDAQ:EA) Chief Legal Officer Jacob J. Schatz sold 1,000 shares at an average price of $143.24, totaling around $143,240.
– What’s Happening: Electronic Arts Inc announced the upcoming release of a college football video game after years of anticipation and legal battles.
– What Electronic Arts Does: EA is a major video game publisher across consoles, PC, and mobile platforms.
Amazon.com
– The Trade: Amazon.com, Inc. (NASDAQ:AMZN) Executive Chair Jeffrey P Bezos sold 11,997,698 shares at an average price of $169.50, totaling around $2 billion.
– What’s Happening: Amazon.com announced layoffs at its One Medical and Pharmacy units as part of cost-cutting measures.
– What Amazon.com Does: Amazon is a top online retailer with billions in net sales and gross merchandise volume.
Royal Caribbean Cruises
– The Trade: Royal Caribbean Cruises Ltd. (NYSE:RCL) Pres & CEO, Royal Caribbean Intl Michael W Bayley sold 11,753 shares at an average price of $116.01, totaling around $1.36 million.
– What’s Happening: Royal Caribbean signed an agreement for its next oasis class ship with Chantiers de l’Atlantique.
– What Royal Caribbean Cruises Does: Royal Caribbean operates 65 ships across global brands in the cruise vacation industry.
Keep up with the latest insider trades on Benzinga’s platform and don’t miss out on our premarket coverage. And if you’re looking for investment tips, check out Jim Cramer’s recommendations on beer stocks!