Apple, Meta Platforms And 2 Other Stocks Insiders Are Selling - Apple (NASDAQ:AAPL), Electronic Arts (NAS

The Nasdaq 100 closed higher by around 50 points on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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 5,513 shares at an average price of $192.00. The insider received around $1.06 million from selling those shares.
What’s Happening: Apple is reportedly set to terminate its credit card partnership with Goldman Sachs Group within the next 12-15 months, as reported by Wall Street Journal.
What Apple Does: Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses.

Have a look at our premarket coverage here

Meta Platforms

The Trade: Meta Platforms, Inc. (NASDAQ:META) Chief Operating Officer Javier Olivan sold a total of 6,077 shares at an average price of $339.77. The insider received around $2.06 million from selling those shares.
What’s Happening: Meta is under scrutiny again as advocacy group NOYB filed a complaint against the tech behemoth with the Austrian data protection authority.
What Meta Platforms Does: Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos.

NVIDIA

The Trade: NVIDIA Corporation (NASDAQ:NVDA) EVP, Operations Debora Shoquist sold a total of 15,824 shares at an average price of $482.42. The insider received around $7.63 million from selling those shares.
What’s Happening: NVIDIA's CEO, Jensen Huang, reportedly stated that it could take the U.S. up to 20 years to become independent from foreign chip manufacturing.
What NVIDIA Does: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs.

Electronic Arts

The Trade: Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold a total of 3,259 shares at an average price of $136.88. The insider received around $446,092 from selling those shares.
What’s Happening: On Nov. 1, Electronic Arts reported earnings of $1.47 per share, beating estimates of $1.25 per share.
What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.

Check This Out: Investor Sentiment Increases As S&P 500 Reaches 2023 Record

AAPLApple Inc

$326.50-0.38%

Overview

EAElectronic Arts Inc

$208.53-0.24%

METAMeta Platforms Inc

$642.01-0.28%

NVDANVIDIA Corp

$204.90-1.15%

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