Construction output in the Eurozone increased 4.1% year-over-year in January, following a revised 0.2% rise in December. 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.
Alphabet
- The Trade: Alphabet Inc. (NASDAQ:GOOG) Director Larry Page sold a total of 7,780 shares at an average price of $2,692.44. The insider received around $20.95 million from selling those shares.
- What’s Happening: Alphabet’s self-driving subsidiary Waymo said on Monday it is ready to roll out fully driverless services in San Francisco without a “specialist” behind the wheel.
- 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.
NVIDIA
Also check this: Lannett And 4 Other Penny Stocks Bought By Insiders
Johnson & Johnson
Have a look at our premarket coverage here .
Tyson Foods
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