5 stocks were sold by industry insiders!

When insiders sell stocks, it shows that they are worried about the company’s prospects or believe that the stock is overvalued. Either way, this is an opportunity to sell shares. Insider trading should not be used as the sole indicator of investment or trading decisions. At best, they can support sales decisions.

Interactive broker

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 volume in August 2021 was 2.17 million.

Interactive Brokers’ trading volume is: Interactive Brokers Group (IB) operates broker-dealer brokerage business and proprietary trading business on a global scale.

Should investors sell now? Or is it worth joining ServiceNow?

Serve immediately

trading: ServiceNow, Inc. (NYSE: NOW) Director Frederic B Luddy (Frederic B Luddy) 22,982 shares sold The average price is US$666.50. Insiders received $10,997,268.93 from the sale of these stocks.

what happened: Wipro and ServiceNow jointly opened the @now studio at the Wipro Technology Center in Plano, Texas last month.

What ServiceNow does: ServiceNow Inc. provides software solutions for building and automating various business processes through the SaaS delivery model.

Wendy’s

trading: Wendy Company (NASDAQ: WEN) Director Peter W. May 278 275 shares sold The average price is $22.89. As a result of the transaction, the insider received US$6,369,440.47.

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what happened: Wendy’s reported last month that revenue for the second quarter of fiscal year 21 increased by 22.6% year-on-year to US$493.3 million, exceeding analyst expectations of US$46163 million.

What does Wendy’s do: The Wendy’s Co is a fast-service franchisee operating restaurants under the Wendy’s brand.

Elastic band

trading: Flexible NV (NYSE: ESTC) Director Steven Schuurman, BV Cmxi 500,000 shares sold The average price is US$165.35. Insiders received US$82,675,000.00 from the sale of these shares.

what happened: Elastic’s first-quarter results announced last month were better than expected.

The role of elasticity: Elastic NV is a search company. The company developed 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 2,000,962 shares 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: Wal-Mart is the largest retailer in the United States by sales. As of fiscal 2021, it operates more than 11,400 stores under 54 brands, selling a variety of daily necessities and groceries.