price down icon1.18%   -0.98

Why is Healthequity Inc (HQY) Stock down?

14 Dec, 2023:

Shares of Healthequity Inc (HQY) dropped by 5.42% from $67.71 to $64.04 in the trading on Thursday, December 14, 2023. The reason why HQY down today is due to insider selling. Specifically, after conducting a thorough analysis, an insider named Rosner sold 2,017 shares of HealthEquity. This insider transaction was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction amounted to $141,364. Investors often pay close attention to insider transactions as they can be seen as an indicator of an insider's view on the company's future performance. In this case, the insider's decision to sell shares may have influenced market sentiment and contributed to the decline in HQY's share price.

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