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.
One of the most well-known non-fungible token projects to date has landed a handful of celebrities and athletes as holders. One of the athletes took his Ape to the next level, with it gracing his shoes during National Basketball Association games.
Under Armour (NYSE:UA) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.10 by 210 percent. This is a 19.23 percent increase over earnings of $0.26 per share from the same
Companies Reporting Before The Bell
• Thomson Reuters (NYSE:TRI) is expected to report quarterly earnings at $0.48 per share on revenue of $1.86 billion.