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The Nasdaq 100 closed lower by around 0.4% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.
The Trade: QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold a total of 8,407 shares at an average price of $15.03. The insider received over $126,357 from selling those shares.
What’s Happening: QuinStreet reported better-than-expected second-quarter financial results.
What QuinStreet Does: QuinStreet Inc focuses on serving clients in large, information-intensive industries, where the company has pioneered a broad range of Internet marketing tools.
Have a look at our premarket coverage here
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