The Nasdaq 100 saw a slight uptick of around 0.2% on Thursday, with investors keeping an eye on some interesting insider trades.
When insiders sell shares, it could mean various things – from preplanned sales to concerns about the company’s future or even the stock being overvalued. Insider sales are just one factor to consider when making investment decisions.
Here are 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 provides 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, receiving around $2 billion.
– What’s Happening: Amazon.com announced layoffs at its One Medical and Pharmacy units as part of a cost-cutting initiative.
– What Amazon.com Does: Amazon is a top online retailer with significant e-commerce 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 a deal for its next oasis class ship with Chantiers de l’Atlantique.
– What Royal Caribbean Cruises Does: Royal Caribbean operates numerous cruise ships globally and has more on order.
For more insider trade updates, check out Benzinga’s insider transactions platform.
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