Insider Activity Spikes at Alibaba, IBM, and Home Depot
Major transactions took place at several prominent companies between August 24 and August 28. According to insider trades, Robert Thomas, senior vice president at International Business Machines (IBM), diluted 34% of his IBM stock holdings.
The same period saw activity from Alibaba (BABA) insiders, with a significant number of shares being sold by various employees. This sale occurred after the company's share price reached $123.98 on August 26.
Other notable transactions were seen at Home Depot (HD), where several executives and directors acquired shares during this time. Coca-Cola (KO), IBM, and Home Depot are among the companies with major insider activity in recent days.