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4 Stocks Insiders Are Selling

Benzinga2021-12-14

Tesla

  • The Trade:Tesla, Inc. CEO Elon Musk disposed a total of 169111 shares at an average price of $992.27. The insider received $167,804,267.54 as a result of the transaction.
  • What’s Happening:Tesla CEO Elon Musk-owned SpaceX has a plan to draw carbon dioxide from the earth’s atmosphere and use it as rocket fuel.
  • What Tesla Does:Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles.

Box

  • The Trade:Box, Inc. Director Daniel Levinsold a total of 128600 shares at an average price of $26.04. The insider received $3,348,245.17 from selling those shares.
  • What’s Happening:Box recently reported better-than-expected Q3 EPS and sales results.
  • What Box Does:Box was founded in 2005 as a natively built cloud file sync and sharing provider for enterprises. Box is headquartered in Redwood City, California.

QUALCOMM

  • The Trade:QUALCOMM Incorporated Chief Technology Officer James H Thompson sold a total of 10000 shares at an average price of $183.39. The insider received $1,815,526.35 as a result of the transaction.
  • What’s Happening:JPMorgan added Qualcomm to the firm's Analyst Focus List.
  • What QUALCOMM Does:Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks.

Southwest Airlines

  • The Trade:Southwest Airlines Co. Director John T Montfordsold a total of 3230 shares at an average price of $43.88. The insider received $23,697.36 from selling those shares.
  • What’s Happening:Goldman Sachs recently downgraded the stock from Neutral to Sell and lowered its price target from $59 to $36.
  • What Southwest Airlines Does:Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded.

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    ·2021-12-16
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