Published on 19 Apr 2024 on Simply Wall St. via Yahoo Finance
Possible Bearish Signals With Cadence Design Systems Insiders Disposing Stock
Over the past year, many Cadence Design Systems, Inc. (NASDAQ:CDNS) 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, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
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.