On CNBC's "Mad Money Lightning Round," Jim Cramer said Mastercraft Boat Holdings Inc (NASDAQ: MCFT) is held hostage by the belief people are not going to buy boats as COVID-19 winds
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.
Toward the end of trading Monday, the Dow traded down 2.46% to 33,835 while the NASDAQ fell 1.24% to 14,248.21. The S&P also fell, dropping 1.93% to 4,243.58.