Stocks to Sell: Anadigics (ANAD)
Anadigics (ANAD) is another company that has not kept up with the market and is seeing selling near the lows. Five insiders, including the chairman, the CEO and the CFO, have been selling stock this month. All together, they have combined to sell more than 72,000 shares of the company at very low prices.
If they are not willing to bet on a turnaround at the semiconductor company in the foreseeable future, I am not sure investors should take a flyer on ANAD stock either.
As of this writing, Tim Melvin did not hold a position in any of the aforementioned securities.