On Monday, the Nasdaq Composite gained more than 200 points. Meanwhile, investors focused on specific major insider deals.
When insiders sell stocks, it implies that they are concerned about the company’s future or believe the stock is expensive. In any case, this indicates a potential chance to sell the stock short. Insider sales should not be used alone to make an investment or trading decision. At best, it may strengthen a selling decision.
The Following Are Some Recent Significant Insider Sales.
Palo Alto Networks Inc. (PANW)
Nir Zuk, Director, EVP, and Chief Technology Officer of Palo Alto Networks, Inc., sold 36,000 shares of PANW stock (NASDAQ:PANW) at an average price of $168.45. The insider made around $6.06 million on the sale of those shares.
What’s New: Palo Alto Networks posted better-than-expected Q4 earnings in August.
Palo Alto Networks is a pure-play cybersecurity company that provides security equipment, subscriptions, and support to companies, government bodies, and service providers.
Amazon (NASDAQ:AMZN)
Amazon CEO, Adam Selipsky, of Amazon Web Services sold 1,020 shares of Amazon stock (NASDAQ:AMZN) at an average price of $114.77. As a consequence of the trade, the insider got around $117.07 thousand.
What’s New: Kaleyra has announced that it would be a preferred SMS provider for Amazon Pay India.
What Amazon Does: With $386 billion in net sales and a projected $578 billion in physical/digital online gross product volume in 2021, Amazon is a prominent online retailer and one of the highest-grossing e-commerce aggregators.
General Mills Inc.
General Mills Inc.(NYSE:GIS) Group President Jonathon Nudi sold 25,902 General Mills, Inc. shares at an average price of $77.50. The insider made about $2.01 million on the sale of those shares.
What’s New: General Mills just announced a 4% year-on-year increase in first-quarter FY23 revenues to $4.717 billion.
General Mills is a large worldwide packaged food business that manufactures snacks, cereal, ready-to-eat meals, yogurt, dough, baking mixes and supplies, pet food, and superpremium ice cream. Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs are among its most well-known brands.
Maximus (NYSE:MMS)
Maximus, Inc. (NYSE:MMS) MMS is a trading name.
David Francis, General Counsel, sold a total of 5,326 shares of MMS stock at an average price of $57.87. The insider made $308.22 thousand on the sale of those shares.
What’s New: Maximus was granted a $6.6 billion contract for Contact Center Operations by the Centers for Medicare & Medicaid Services last month.
Maximus Inc operates government health and human services programs in the United States, the United Kingdom, Canada, Australia, and Saudi Arabia.
Featured Image- Megapixl @ Marcosdelmazo
Author Okoro Chinedu 
