Huge Tech Trade Highlights Insider Selling: Motorola Solutions, Darden Restaurants, Allegiant Travel and More

March 20, 2016 by Lee Jackson

After a solid rally in the markets that has lifted the S&P 500 almost 12% over the past 25 days, one would certainly think that insiders looking to take some off the table would be out in full force. Instead, the sellers were conspicuous by their absence this past week. While some big trades did hit the tape and our screens, the volume was nowhere near the insider buying levels.

We cover insider selling every week at 24/7 Wall St., and we like to remind readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock and often sell just to diversify or purchase other assets.

Here are companies that reported notable insider selling this week.

Motorola Solutions Inc. (NYSE: MSI) had a big institutional seller come out this week. Value Act sold a total of 1,310,000 shares of the stock at prices that ranged from $71.03 to $71.50. The total for the sale came to a whopping $93 million. The company provides mission-critical communication infrastructure, devices, software and services in North America, Latin America, the Asia Pacific, the Middle East, Europe and Africa. The shares closed on Friday at $72.59.