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Insider Response to Tech's Volatile Autumn
Within the continuing downward trend afflicting the market at large, the core of the volatility remains squarely among the performance tech names. October-November loses of anywhere from 12 to 20 percent in Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) have dragged the Nasdaq composite down into correction territory.
When the market is volatile, it’s always a good idea to keep an eye on insider trading activity for a perspective from the c-suite. While these transactions may have taken several months prior, it can give a sense of whether there’s a lot of buying or selling occurring in a specific stock’s executives and largest investors.
Using Finscreener’s Insider tools, we can get a sense of just how much pressure has been on these tech names over the past 3 months. First, just to get a general sense of the insider buying and selling activity, let’s take a look at all of the mega-cap stocks in the S&P 500, ordering them by number of sales transactions in the last three months.
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