Insiders Selling Apple, Micron And This Big Tech Stock

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. 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. 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 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.

Check This Out: Top 5 Financial Stocks That Are Preparing To Pump This Month

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsShort IdeasInsider TradesPre-Market OutlookMarketsTrading IdeasInsiders Selling
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!