The Nasdaq 100 experienced a decline of over 100 points on Thursday, but investors were more interested in some notable insider trades. Insider sales can indicate various things, such as preplanned sales or concerns about the company’s prospects. However, it’s important to note that insider sales should not be the sole basis for investment decisions. Here are a few recent insider sales worth mentioning:
Yelp:
– Yelp Inc. (YELP) CEO Jeremy Stoppelman sold 10,000 shares at an average price of $45.00, earning 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, receiving approximately $1.55 million. Snap, the parent company of Snapchat, recently announced a significant leadership change in its India operations. Snap is known for its popular social networking app.
Zoom Video Communications:
– Zoom Video Communications, Inc. (ZM) Director Santiago Subotovsky sold 2,067 shares at an average price of $73.49, earning around $151,909. Zoom reported better-than-expected quarterly results and provided strong earnings guidance. The company 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, receiving 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 e-commerce aggregator.
For more insider trades and information, you can visit Benzinga’s insider transactions platform. Additionally, check out our premarket coverage for the latest updates. Remember, this news post is for informational purposes only and does not provide investment advice.