Published on 8 May 2024 on Simply Wall St. via Yahoo Finance
Insiders At Blackstone Sold US$11m In Stock, Alluding To Potential Weakness
Over the past year, many Blackstone Inc. (NYSE:BX) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.