NVIDIA, Boston Scientific And This Technology Stock Insiders Are Selling

The Nasdaq Composite closed higher by over 200 points on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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.

NVIDIA

• The Trade: NVIDIA Corporation NVDA Director Dawn E Hudson sold a total of 5,000 shares at an average price of $274.55. The insider received around $1.37 million from selling those shares.
• What’s Happening: Ampere Computing and NVIDIA reported the extension of the AICAN game-streaming platform to support more game environments and global partners using dense Arm + GPU platforms.
• What NVIDIA Does: Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.

Have a look at our premarket coverage here

Boston Scientific

• The Trade: Boston Scientific Corporation BSX EVP&Pres, Periph Intervent Jeffrey Mirviss sold a total of 4,903 shares at an average price of $49.60. The insider received around $243.19 thousand from selling those shares.
• What’s Happening: UBS initiated coverage on Boston Scientific with a Buy rating and announced a price target of $57.
• What Boston Scientific Does: Boston Scientific produces less invasive medical devices that are inserted into the human body through small openings or cuts.

Check This Out: Top 5 Tech Stocks That Could Blast Off

Five9

• The Trade: Five9, Inc. FIVN CFO Barry Zwarenstein sold a total of 5,000 shares at an average price of $67.57. The insider received around $337.85 thousand from selling those shares.
• What’s Happening: Rosenblatt initiated coverage on Five9 with a Buy rating and announced a price target of $85.
• What Five9Does: Five9 Inc provides cloud-native contact center software that enables digital customer service, sales, and marketing engagement.