Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling

Avi Kapoor

February 16, 2024

The Nasdaq 100 closed higher by around 0.2% on Thursday. 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.

NETGEAR

The Trade: NETGEAR, Inc. (NASDAQ:NTGR) Chief Legal Officer Andrew Wonki Kim sold a total of 5,889 shares at an average price of $14.50. The insider received over $85,391 from selling those shares.
What’s Happening: Netgear recently reported fourth-quarter financial results and issued first-quarter net revenue guidance below estimates.
What NETGEAR Does: Netgear Inc is a provider of networking solutions. The reportable segments of the company are connected home, and Small and Medium Businesses (SMB).

Have a look at our premarket coverage here

Electronic Arts

The Trade: Electronic Arts Inc. (NASDAQ:EA) Chief Legal Officer Jacob J. Schatz sold a total of 1,000 at an average price of $143.24. The insider received around $143,240 from selling those shares.
What’s Happening: Electronic Arts Inc (NASDAQ:EA) announced in 2021 it was working on a college football video game, which excited many fans. After several years and settled lawsuits, a college football video game is now months away from release.
What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.

Amazon.com

The Trade: Amazon.com, Inc. (NASDAQ:AMZN) Executive Chair Jeffrey P Bezos sold a total of 11,997,698 shares at an average price of $169.50. The insider received around $2 billion from selling those shares.
What’s Happening: Amazon.com announced that it will lay off hundreds of employees at its One Medical and Pharmacy units as part of a major cost-cutting initiative.
What Amazon.com Does: Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.

Royal Caribbean Cruises

The Trade: Royal Caribbean Cruises Ltd. (NYSE:RCL) Pres & CEO, Royal Caribbean Intl Michael W Bayley sold a total of 11,753 shares at an average price of $116.01. The insider received around $1.36 million from selling those shares.
What’s Happening: Royal Caribbean signed an agreement with Chantiers de l'Atlantique for its next oasis class ship.
What Royal Caribbean Cruises Does: Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with 8 more ships on order.

Check This Out: Jim Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock

Recommended

Weiss Gold Veteran Makes Shocking New Call - Ad

Trump Is Fast-Tracking These Three Companies - Ad

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Popular

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Steve Jobs Once Explained How He Invests Employees Into The Company And Gives Them A Sense Of Ownership: Finance Doesn't 'Drive' People At Apple

Steve Jobs believed in making employees owners by giving stock options and creating an ownership culture to foster loyalty and attract top talent.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Trump May Formally Offer Putin Control of Occupied Ukrainian Land in Proposed Peace Deal

The U.S. is reportedly prepared to formally acknowledge Russia's hold over Crimea and parts of eastern and southern Ukraine as part of a proposed agreement to end the war.

Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Shell Drags Venture Global To New York Supreme Court Over Disputed LNG Contracts

Shell PLC (NYSE: SHEL) filed appeal challenging its loss in arbitration dispute with Venture Global, claiming crucial info was concealed.

How Tyson's Chicken Business Will Offset Beef Weakness

Tyson shares rise as pricing catch-up expected to ease cost pressures; chicken strength offsets beef headwinds amid stable feed costs.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Why Are Wall Street Insiders Moving Their Money to This One Asset?

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

AI country hit 'Walk My Walk' built on Blanco Brown's sound sparks questions of attribution, ethics

LOS ANGELES (AP) — When an country song called hit No. 1 on Billboard's country digital song sales chart this month, it was credited to a fictional artist named Breaking Rust — a white, digitally generated avatar that didn't exist two months ago.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Paul Krugman Warns AI Rallies Driven By Rate-Cut Hopes Are 'Dead Cat Bounces' — Says It 'Bears an Unmistakable Resemblance' To The Dot-Com Era

Economist Paul Krugman is drawing sharp parallels between the current state of the AI trade and the final years of the dot-com boom in the 1990s, while warning that investors might be misreading the Federal Reserve's recent signals and actions.

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07. These are the top stocks that gained the attention of retail traders and investors through the day:

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26?

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

Google Taps Billionaire Adani For $5 Billion 'Power Play' to Fuel New AI Center

Adani Group, led by billionaire Gautam Adani, plans to invest up to $5 billion in Google's upcoming AI infrastructure hub in southern India.

Trump Tariff Policy Is A 'List Of Lies And Exaggerations,' Says This Economist And They Reveal More Than A 'Wonky List Of Truths'

Economist Justin Wolfers pushed back against President Donald Trump's recent tariff claims, criticizing them for being misleading.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

Trump Is Fast-Tracking These Three Companies

Trump Is Fast-Tracking These Three Companies - Ad

The Trump administration is planning to invest DIRECTLY in a small sector of the stock market... And they just revealed the names of three potential targets.

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

Trump Threatens Air Traffic Controllers Amid Shutdown Chaos; Pete Buttigieg Says He 'Wouldn't Last Five Minutes' in Their Job

President Donald Trump has demanded that all air traffic controllers return to work as the nation's aviation system endured another wave of mass flight cancellations, caused by staffing shortages due to the prolonged government shutdown.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

Turkish official says Black Sea tankers may have been hit by mines, missiles or drones

ISTANBUL (AP) — Two oil tankers said to be part of Russia’s “shadow fleet” that were set ablaze off Turkey’s Black Sea coast may have been hit by mines, drones or missiles, a senior Turkish official said Saturday.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Michael Burry Not Alone: Peter Andersen Dumped Nvidia Months Ago, Anticipating 'Accounting Questions'

Michael Burry isn't alone: Peter Andersen dumped Nvidia months ago, citing "accounting questions" and calling the AI boom a "fantasy."

Dan Ives Calls Nvidia The 'Indisputable Rocky Balboa' Of AI And Gene Munster Agrees As The Jensen Huang-Led Tech Giant Faces Rare November Slump

Despite a rare November stock pullback and rising competition from Google and Broadcom, analysts including Dan Ives and Gene Munster continue to hail Nvidia as the leading force in the AI chip market.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

Bitcoin Rises To $91,500, Brazilian Stocks Hit Record Highs: What's Moving Markets Thursday?

Global markets drifted through a quiet session on Thursday as Wall Street remained shut for Thanksgiving, leaving cryptocurrencies as the day's main source of price action.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

All 14 victims identified from fiery UPS cargo plane crash in Louisville

LOUISVILLE, Ky. (AP) — A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business.

Trending Now