The Nasdaq 100 closed lower by over 1% during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.
Alphabet
The Trade: Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold a total of 22,500 shares at an average price of $162.35. The insider received around $3.7 million from selling those shares.
What's Happening: YouTube Shorts, Google's answer to TikTok, has hit a 1 lakh crore (1 trillion) view mark in India.
What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary.
Benzinga Pro's real-time newsfeed alerted to latest GOOGL news.
Apple
The Trade: Apple Inc. (NASDAQ:AAPL) SVP, GC and Secretary Katherine L. Adams sold a total of 104,500 shares at an average price of $206.44. The insider received around $20.6 million from selling those shares.
What's Happening: Apple could charge its users up to $20 for its advanced artificial intelligence features, according to a top analyst. The move could further bolster the company's already lucrative services business.
What Apple Does: Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses.
Benzinga Pro's charting tool helped identify the trend in AAPL stock.
Bank of America
The Trade: Bank of America Corporation (NYSE:BAC) Pres, Merrill Wealth Mgmt Lindsay D. Hans sold a total of 10,901 shares at an average price of $36.92. The insider received around $402,410 from selling those shares.
What's Happening: On Aug. 5, Bank of America announced full redemption of its Series X preferred stock and related depositary shares.
What Bank of America Does: Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
Benzinga Pro's signals feature notified of a potential breakout in BAC shares.
Western Digital
The Trade: Western Digital Corporation (NASDAQ:WDC) EVP & GM, Flash Business Robert Soderbery sold a total of 12,154 shares at an average price of $57.09. The insider received around $693,860 from selling those shares.
What's Happening: On July 31, Western Digital reported quarterly earnings of $1.44 per share, which beat the analyst consensus estimate of $1.18 per share.
What Western Digital Does: Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives.
Benzinga Pro's earnings calendar was used to track WDC's earnings reports.
Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields
トレード:Bank of America Corporation(NYSE:BAC)のPres、Merrill Wealth MgmtのLindsay D. Hansは、1株当たり平均36.92ドルで合計10,901株を売却しました。このインサイダートレードにより、この人物は約40.2万ドルの収益を得ました。
起こっていること:8月5日、Bank of AmericaはSeries X優先株式と関連する預託株式を完全償還することを発表しました。
Bank of Americaのビジネス内容:Bank of Americaは、3兆ドル以上の資産を保有するアメリカ最大の金融機関の1つであり、消費者銀行業務、グローバル・ウェルス・アンド・インベストメント・マネジメント、グローバル・バンキング、グローバル・マーケットの4つの大きなセグメントに組織されています。
トレード:Western Digital Corporation(NASDAQ:WDC)のEVP&Gm、Flash BusinessのRobert Soderberyは、1株当たり平均57.09ドルで合計12,154株を売却しました。このインサイダートレードにより、この人物は69万3860ドル近い収益を得ました。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。