ADP, Microsoft And 3 Other Stocks Insiders Are Selling
U.S. stocks opened higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. KLA The Trade: KLA Corporation (NASDAQ: KLAC ) Executive Vice President Oreste Donzella sold a total of 2,417 shares at an average price of $334.86. The insider received around $809.36 thousand from selling those shares. What’s Happening: Morgan Stanley recently maintained KLA with an Equal-Weight and lowered the price target from $381 to $358. What KLA Does: Hyatt is an operator of 1,162 owned (5% of total rooms) and managed and franchise (95%) properties across roughly 20 …
ADP, Microsoft And 3 Other Stocks Insiders Are Selling
U.S. stocks opened higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. KLA The Trade: KLA Corporation (NASDAQ: KLAC ) Executive Vice President Oreste Donzella sold a total of 2,417 shares at an average price of $334.86. The insider received around $809.36 thousand from selling those shares. What’s Happening: Morgan Stanley recently maintained KLA with an Equal-Weight and lowered the price target from $381 to $358. What KLA Does: Hyatt is an operator of 1,162 owned (5% of total rooms) and managed and franchise (95%) properties across roughly 20 …