Vistra Energy Corp. (VST) saw its stock plummet 5.06% on Wednesday during intraday trading, underperforming the broader market.
The decline in Vistra's share price could be attributed to concerns over recent insider selling activity at the company. According to reports, insiders at Vistra have sold a significant amount of shares worth $9 million over the last three months, with no insider purchases recorded during the same period.
The substantial insider selling has raised questions among investors about the company's prospects and could have contributed to the stock's plummet on Wednesday. While insider transactions alone do not necessarily indicate a company's future performance, significant selling activity by insiders can sometimes be viewed as a lack of confidence in the company's outlook.
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