WebMD Stock: Insider Selling Update

If insider selling is an indicator of a stock’s price movement, then investors would be better off offloading the WebMD (NASDAQ:WBMD) stock. A number of insiders at the company, including chairman of the board Wygod Martin, offloaded 256,016 shares of the WebMD stock on Sep 17th. The total value of the insider sales stood at $8.7 million. The total value of the insider sales for this one day was close to the entire value of insider selling which took place in the month of August. The total insider sales for August 2013 stood at $8.79 million. The stock price has been falling in recent sessions with WBMD stock having lost close to 7% in last 5 trading sessions.

To see WebMD’s latest stock price movement, click here WebMD stock chart.

Check our latest analysis on WebMD stock and check if its a buy or sell.

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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