Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Qualcomm, American Express And 2 Other Stocks Insiders Are Selling

Published 22/05/2024, 13:20
© Reuters.  Qualcomm, American Express And 2 Other Stocks Insiders Are Selling
QCOM
-
BALL
-
TDC
-
AXP
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

The Nasdaq 100 closed higher by around 0.2% on Tuesday. 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.

QUALCOMM

  • The Trade: QUALCOMM Incorporated (NASDAQ:QCOM) Director Neil Smit sold a total of 3,069 shares at an average price of $200.94. The insider received around $616,670 from selling those shares.
  • What's Happening: Dell unveiled PCs with Qualcomm Snapdragon chips.
  • What QUALCOMM Does: Qualcomm develops and licenses wireless technology and designs chips for smartphones.
Have a look at our premarket coverage here

Ball Corporation

  • The Trade: Ball Corporation (NYSE:BALL) Director Pedro Henrique Mariani sold a total of 5,000 shares at an average price of $69.90. The insider received around $349,486 from selling those shares.
  • What's Happening: On April 26, Ball reported better-than-expected first-quarter earnings.
  • What Ball Corporation Does: Ball is the world’s largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America).
American Express
  • The Trade: American Express Company (NYSE:AXP) Grp. Pres., GMNS Raymond Joabar sold a total of 2,655 shares at an average price of $242.79. The insider received around $644,770 from selling those shares.
  • What's Happening: American Express recently declared a dividend on Series D Preferred Stock and regular quarterly dividend.
  • What American Express Does: American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products.
Teradata
  • The Trade: Teradata Corporation (NYSE:TDC) Director Timothy C K Chou sold a total of 6,356 shares at an average price of $33.43. The insider received around $212,462 from selling those shares.
  • What's Happening: On May 6, Teradata reported mixed first-quarter financial results and issued second-quarter guidance.
  • What Teradata Does: Teradata Corp provides analytic data products and related services.
Check This Out: Top 5 Health Care Stocks Which Could Rescue Your Portfolio This Month

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.