Occidental Petroleum Corporation (NYSE: OXY) gapped up slightly on Monday before falling to trade flat. Occidental is set to print its fourth-quarter financial results after the market closes.
Zoom Video Communications, Inc (NASDAQ: ZM) was trading flat on Monday, as the company headed into its fourth-quarter earnings print after the market close.
The SPDR S&P 500 (NYSE: SPY) gapped up 0.88% higher on Monday when the market ETF ran into a group of sellers who caused the SPY to fall from its high-of-day to trade up about 0.5%.
Amazon.com, Inc (NASDAQ: AMZN) popped more than 1% on Monday, in tandem with the S&P 500, which was bouncing by about the same amount.
The stock has been steadily declining since Feb. 3, after rejecting the 200-day simple moving average (SMA).
The Dow Jones closed lower by over 300 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Even as most U.S. fund managers hoarded tech stocks at bargain prices following their sell-off last year, Canada’s biggest pension fund deemed it fit to sell some prominent tech names.