Rush Street Interactive Inc (NYSE:RSI) has entered into a sports betting operations partnership with Hall of Fame Resort & Entertainment Co (NASDAQ:HOFV). The…
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.