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 mean a variety of things – from preplanned sales to concerns about the company’s future or even a belief that the stock is overvalued. Insider sales are just one piece of the puzzle when it comes to making investment decisions.
Here’s 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, raking in 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.
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, making around $143,240.
– What’s Happening: Electronic Arts Inc (NASDAQ:EA) announced the upcoming release of a college football video game after years of anticipation.
– What Electronic Arts Does: EA is one of the world’s largest video game publishers.
Amazon.com
– The Trade: Amazon.com, Inc. (NASDAQ:AMZN) Executive Chair Jeffrey P Bezos sold a whopping 11,997,698 shares at an average price of $169.50, pocketing around $2 billion.
– What’s Happening: Amazon.com announced layoffs at its One Medical and Pharmacy units as part of cost-cutting efforts.
– What Amazon.com Does: Amazon is a leading online retailer.
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, earning around $1.36 million.
– What’s Happening: Royal Caribbean signed an agreement for its next oasis class ship.
– What Royal Caribbean Cruises Does: Royal Caribbean is a major player in the cruise vacation industry.
Keep an eye on these insider trades and more on Benzinga’s insider transactions platform. And don’t forget to check out Jim Cramer’s latest recommendations!