Lattice Semiconductor, Navitas Semiconductor And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed slightly higher on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Navitas Semiconductor

• The Trade: Navitas Semiconductor Corporation (NASDAQ:NVTS) CEO and President Eugene Sheridan sold a total of 33,532 shares at an average price of $8.61. The insider received around $288,714 from selling those shares.
• What’s Happening: Navitas Semiconductor reported better-than-expected second-quarter financial results and issued guidance.
• What Navitas Semiconductor Does: Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets.

Have a look at our premarket coverage here

Lattice Semiconductor

• The Trade: Lattice Semiconductor Corporation (NASDAQ:LSCC) SVP, CFO Sherri R Luther sold a total of 8,417 shares at an average price of $91.80. The insider received around $772,654 from selling those shares.
• What’s Happening: Lattice Semiconductor posted upbeat second-quarter results.
• What Lattice Semiconductor Does: Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses.

Mercury Systems

• The Trade: Mercury Systems, Inc. (NASDAQ:MRCY) EVP, Gen Counsel & Secretary Christopher C Cambria sold a total of 1,508 shares at an average price of $36.65. The insider received around $55,272 from selling those shares.
• What’s Happening: Mercury Systems reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted guidance below estimates.
• What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.

Fresh Vine Wine

• The Trade: Fresh Vine Wine, Inc. (NYSE:VINE) 10% owner CSS LLC/IL sold a total of 30,000 shares at an average price of $0.50. The insider received around $15,099 from selling those shares.
• What’s Happening: Fresh Vine Wine announced the exploration of strategic opportunities to maximize shareholder value.
• What Fresh Vine Wine Does: Fresh Vine Wine Inc is a producer of low carb, low calorie premium wines in the United States.

 

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