When insiders sell stocks, it shows that they are worried about the company’s prospects or they think the stocks are overpriced. Either way, this indicates an opportunity to short stocks. Insider trading should not be regarded as the sole indicator of investment or trading decisions. At best, it can provide belief in sales decisions.
The following are some of the notable recent insider trading.For more information, please check Insider trading of Ben Singa platform.
Interactive Brokers
trading: Interactive Brokers Group Co., Ltd. (NASDAQ: IBKR) Chairman Thomas Peterffy Sold a total of 40,000 shares The average price is $64.09. As a result of the transaction, the insider received $2,563,525.00.
what happened: Interactive Brokers Group reported that the average daily trading revenue in August 2021 was 2.17 million transactions.
Interactive Brokers’ business: Interactive Brokers Group (IB) carries out broker-dealer agency business and proprietary trading business on a global scale.
Serve immediately
trading: ServiceNow, Inc. (NYSE: NOW) Director Frederic B Luddy 22982 shares sold The average price is $666.50. Insiders received $10,997,268.93 from the sale of these stocks.
what happened: Wipro and ServiceNow jointly launched @now Studio at the Wipro Technology Center in Plano, Texas last month.
What ServiceNow does: ServiceNow Inc provides software solutions to build and automate various business processes through the SaaS delivery model.
Wendy’s
trading: Wendy Company (NASDAQ: WEN) Director Peter W May A total of 278,275 shares were sold The average price is $22.89. As a result of the transaction, the insider received US$6,369,440.47.
what happened: Wendy reported last month that sales in the second quarter of fiscal 2021 increased by 22.6% year-on-year to 493.3 million U.S. dollars, exceeding analysts’ expectations of 46163 million U.S. dollars.
What does Wendy’s do: The Wendy’s Co is a fast food restaurant franchisee, operating restaurants under the Wendy’s brand.
Elastic band
trading: Flexible NV (NYSE: ESTC) Director Steven Schuurman, BV Cmxi Sold a total of 500,000 shares The average price is US$165.35. Insiders obtained $82,675,000.00 from the sale of these stocks.
what happened: Elastic’s first-quarter results announced last month were better than expected.
The role of elasticity: Elastic NV is a search company. It created Elastic Stack, a powerful software product that can ingest and store data in any format from any source, and perform search, analysis, and visualization in milliseconds or less.
Walmart
trading: Walmart (NYSE: WMT) 10% owner Alice Walton A total of 2000962 shares were sold The average price is US$147.11. Insiders received $294,353,263.63 from the sale of these stocks.
what happened: According to Reuters, Walmart, Amazon and Kroger said they will sell COVID-19 tests at cost in the next three months.
What does Walmart do: As the largest retailer in the United States by sales, Wal-Mart operates more than 11,400 stores under 54 brands at the end of the 2021 fiscal year, selling a variety of general merchandise and groceries.
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