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.
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