Insiders Selling Apple, Micron And This Big Tech Stock - Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT)

The Nasdaq closed higher by over 1% on Wednesday. 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.

Apple

The Trade: Apple Inc. (NASDAQ:AAPL) Principal Accounting Officer Chris Kondo sold a total of 4,092 shares at an average price of $173.26. The insider received around $708.98 thousand from selling those shares.
What’s Happening: Apple recently reported better-than-expected March quarter results.
What Apple Does: Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods.

Have a look at our premarket coverage here

Micron Technology

The Trade: Micron Technology, Inc. (NASDAQ:MU) Director Richard Beyer sold a total of 4,000 shares at an average price of $59.88. The insider received around $239.52 thousand from selling those shares.
What’s Happening: Micron reported worse-than-expected Q2 EPS and sales results.
What Micron Technology Does: Micron historically focused on designing and manufacturing DRAM for PCs.

Microsoft

The Trade: Microsoft Corporation (NASDAQ:MSFT) EVP, Chief Marketing Officer Christopher C Capossela sold a total of 9,177 shares at an average price of $310.62. The insider received around $2.85 million from selling those shares.
What’s Happening: Microsoft’s own year of efficiency could get more efficient now as Redmond reportedly looks to freeze pay hikes for full-time salaried employees.
What Microsoft Does: Microsoft develops and licenses consumer and enterprise software.

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MUMicron Technology Inc

$901.100.89%

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