Actionable news
All posts from Actionable news
Actionable news in MANH: Manhattan Associates, Inc.,

Huge Intel Sale by Top Executive Highlights Recent Insider Selling

Well we knew it would just be a matter of time, but as the third-quarter earnings season starts to wind down and the final two trading months of the year are on deck, insiders are buying and selling shares at levels we haven’t witnessed since way back in the summer. While the volume certainly has jumped, it’s a good bet it will continue to trend higher into the end of the year.

We cover insider selling every week at 24/7 Wall St., and we always like to remind readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock and often sell just to diversify or purchase other assets.

Here are companies that reported notable insider selling this past week.

Intel Corp. (NASDAQ: INTC) had a seller from the C-suite level of the company decide it was time to part with some shares. The chief financial officer of the chip giant, Stacy Smith, sold a total of 225,963 shares of the stock at prices that ranged from $34.37 to $34.43 apiece. The total for the stock sale came to a tidy $7.7...