Benzinga - The Nasdaq closed higher by around 2% on Thursday. 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.
Zoom Video Communications
- The Trade: Zoom Video Communications, Inc. (NASDAQ: ZM) Chief Operating Officer Aparna Bawa sold a total of 7,000 shares at an average price of $69.76. The insider received around $488.33 thousand from selling those shares.
- What’s Happening: Zoom Video Communications reported the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people's potential.
- What Zoom Video Communications Does: Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing.
VeriSign
- The Trade: VeriSign, Inc. (NASDAQ: VRSN) Executive Chairman and CEO D. James Bidzos sold a total of 10,000 shares at an average price of $212.69. The insider received around $2.13 million from selling those shares.
- What’s Happening: VeriSign, during February, posted upbeat quarterly results.
- What VeriSign Does: Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains.
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DICK'S Sporting Goods
- The Trade: DICK'S Sporting Goods, Inc. (NYSE: DKS) SVP, Chf People & Purpose Ofcr Julie Lodgejarrett sold a total of 8,560 shares at an average price of $140.00. The insider received around $1.2 million from selling those shares.
- What’s Happening: Dick's Sporting Goods inked a multi-year sponsorship partnership with Boston Athletic Association (BAA).
- What DICK'S Sporting Goods Does: Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports.
- The Trade: AMN Healthcare Services, Inc. (NYSE: AMN) Director Mark G Foletta sold a total of 6,042 shares at an average price of $84.35. The insider received around $509.64 thousand from selling those shares.
- What’s Happening: Credit Suisse recently maintained AMN Healthcare Services with an Outperform and lowered the price target from $147 to $128.
- What AMN Healthcare Does: AMN Healthcare Services is the largest healthcare staffing company in the United States. In 2021, it offered almost 15,000 nurses and allied healthcare full-time workers with provider clients nationwide.