Published on 9 May 2024 on Benzinga
Amazon, Abbott Laboratories And 2 Other Stocks Insiders Are Selling - Amazon.com (NASDAQ:AMZN)
The Nasdaq 100 closed slightly lower on Wednesday. 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.