Tracking internal business activities is crucial for investors as paying attention to internal sentiment often proves to be a successful strategy.
Insider trading can sometimes lead the public to believe that the valuation of the shares being sold is overestimated or that there may be some speculative schemes to stay away from or take advantage of.
Here is the list of the top stocks being sold by insiders, individuals with prominent roles in publicly traded companies.
Software company Cadence Design Systems Inc’s (NASDAQ: CDNS) shares have risen by about 44% in the last year.
CFO John Wall recently sold 21,700 shares at $311.40 each.
Since then, the stock has lost about 1.6% of its value.
Disney has recently been in a heated battle with Nelson Peltz’s Trian Partners, who were trying to secure two seats on the board of directors.
Senior Executive Vice President and Head of Human Resources at Walt Disney Co, Sonia Coleman, sold 1,857 shares on April 1st at $121.92 each.
Following this transaction, the stock increased by about 1%.
Netflix Inc’s co-founder and board chairman, Reed Hastings, sold 20,566 streaming company shares at $610.42 per share on April 1st.
Since then, the stock price has remained mostly stable.
Over the last year, Netflix shares have risen by about 76%, with a P/E ratio of around 51.
The president and COO of Salesforce Inc (NYSE: CRM), Brian Millham, sold 24,453 CRM software company shares at $302.08 per share on April 1st.
On the same day, Salesforce’s CEO, Marc Benioff, sold 15,000 shares at $301.72 each.
Benioff had also sold another 15,000 shares on March 28th at $301.01 each.
The CEO has been continuously selling large amounts of shares since last month.
Additionally, Parker Harris, the company’s co-founder and Slack’s CTO, sold 4,200 Salesforce Inc shares at $306.50 each on March 26th.
Since then, the stock has decreased by 0.60%.
Nvidia Corp’s (NASDAQ: NVDA) shares have surged by 220% in the last year and are currently trading at 74 times earnings.
Board Director Mark A.
Stevens sold 11,000 Nvidia Corp shares at $905.65 each on March 28th.
Since then, the stock has declined by 1%.
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