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.
Pete Najarian said on CNBC's "Fast Money Halftime Report" we had a buyer of 20,000 contracts of the August $83 calls going for anywhere between 71 cents and 78 cents. It was a huge trade, looking for a big break out in Snap, he added.
The Qraft AI-Enhanced US Large Cap Momentum ETF (NYSE: AMOM), an exchange-traded fund driven by artificial intelligence, has acquired stakes in Reddit-favorite stock Advanced Micro Devices Inc.
Elon Musk, who is credited with founding and running Tesla Inc (NASDAQ: TSLA), the leader in the global electric vehicle market, takes the top honors in corporate America's executive compensation.