By Davit Kerakossian
Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesn’t always send the right message to investors when the top person sells. On the flip side, insiders buy for one reason – because they feel the stock is too cheap, although that doesn’t necessarily mean they’re right. On both sides of the trade, it is always important to pay attention to the procedure, especially from the senior officers.
Below we’ve highlighted 3 buys and sells from inside CEOs from today:
Luminar Technologies (NASDAQ:) CEO Austin Russell, who has been a consistent buyer of the company’s shares for the past few months, disclosed today that he purchased 25,000 shares at $9.39.
Moderna (NASDAQ :), CEO, Stephan Bancel, has submitted 144 documents to sell 40,000 shares valued at $5.55 million. The expected sale date of the shares, obtained through the options granted, was September 14.
Automatic Data Processing Inc (NASDAQ 🙂 CEO, Carlos Rodriguez, filed 144 documents to sell another 52,254 shares, valued at approximately $12.26 million. The expected date of sale of the shares, obtained through the options granted, was September 14.