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Insider Response to Tech's Volatile Autumn

By BenZinga
Financial Services

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.

Read the full story at Benzinga.

Photo: Getty iStock

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