Published on 20 Apr 2024 on Simply Wall St. via Yahoo Finance
Insiders Made Right Decision To Sell As Super Micro Computer Dips 21%
By selling US$27m worth of Super Micro Computer, Inc. (NASDAQ:SMCI) stock at an average sell price of US$303 over the last year, insiders seemed to have made the most of their holdings. The company's market valuation decreased by US$11b after the stock price dropped 21% over the past week, but insiders were spared from painful losses.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.