Apple And 3 Other Stocks Sold By Insiders

The euro dropped around 0.3% against the US dollar on Tuesday, extending losses from the previous day. Investors, meanwhile, focused on some notable insider trades

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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.

T-Mobile US

  • The Trade: T-Mobile US, Inc. TMUS President, Technology Neville Ray disposed a total of 120,000 shares at an average price of $120.40. The insider received around $14.45 million as a result of the transaction.
  • What’s Happening: T-Mobile US recently reported better-than-expected Q4 EPS results.
  • What T-Mobile US Does: Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere.

Apple

  • The Trade: Apple Inc. AAPL SVP, GC and Secretary Katherine L Adams sold a total of 28,450 shares at an average price of $174.78. The insider received $4.37 million from selling those shares.
  • What’s Happening: Apple, Inc. AAPL first hardware launch event may come sooner than many would have thought, if reports are to be believed.
  • What Apple Does: Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others.

Also check out this: Executives Buy Over $6M Of 5 Penny Stocks

Alphabet

  • The Trade: Alphabet Inc. GOOG Director Larry Page sold a total of 7,790 shares at an average price of $2,833.89. The insider received $22.08 million as a result of the transaction.
  • What’s Happening: OpenText and Google Cloud announced plans to collaborate on next generation content services.
  • What Alphabet Does: Alphabet Inc is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads.

Morningstar

  • The Trade: Morningstar, Inc. MORN Executive Chairman Joseph Mansueto sold a total of 13,454 shares at an average price of $294.09. The insider received $3.96 million from selling those shares.
  • What’s Happening: The company is expected to report Q4 results on February 24, 2022.
  • What Morningstar Does: Morningstar is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research.

Posted In: Insider SellingNewsInsider TradesMarketsTrading Ideas

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