By Davit Kirakosyan
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 is selling. On the opposite side, insiders buy for one reason – because they feel the stock is too cheap, although that doesn’t necessarily mean they are right. On either side of the trade, it is always important to pay attention to the action, especially from the top brass.
Below we highlighted 3 CEO insider buys and sells from today:
Luminar Technologies (NASDAQ:LAZR) CEO, Austin Russell, who has been a steady buyer of the company’s shares over the past few months, disclosed today the purchase of 25,000 shares at $9.39.
Moderna (NASDAQ:MRNA) CEO, Stephane Bancel, filed 144 paperwork to sell 40,000 shares worth an estimated $5.55 million. The date of the expected sale of the shares, which were acquired through options granted, was September 14.
Automatic Data Processing Inc (NASDAQ:ADP) CEO, Carlos Rodriguez, filed 144 paperwork to sell another 52,254 shares worth an estimated $12.26 million. The date of the expected sale of the shares, which were acquired via options granted, was September 14.