InterDigital Inc (IDCC)

[postyle]

To everyone who is agreeing that insider sales are "always" at or near the top, I have very good news for you: The stock price closed higher today than almost all of these recent insider trades - and - it will almost certainly open tomorrow at a price higher than those trades were executed. Everyone is free to take the appropriate action and save the board from moaning.

I really can't see the logic in complaining about insider sales as being a sign for the stock to decline when you have ample opportunity to divest or hedge. It would be akin to getting on a plane you thought for sure was going to crash. Or loaning money to an acquaintance you are sure will not pay you back.

When I worked as an RIA, we advised every single investor to sell their company stock (ISOs, NQSOs, ESPPs, etc.) In some cases, we were bound by law (per The Uniform Prudent Investor Act) but most of the time, it was just solid financial planning. There have been enough corporate catastrophes (Enron, Nortel, many more) to demonstrate the sheer foolishness of having all of your eggs in one basket. When you work for a company, you often already have almost all of your income and livelihood dependent on the success of your business. Diversifying your assets is usually the only sensible action you can take.

Besides, what is the point of being given a check if you can't cash it?