When insiders sell stocks, it indicates that they are worried about the prospects for the company or that they consider the stock to be overvalued. Either way, this signals an opportunity to short sell the stock. Insider selling should not be taken as the sole indicator for making an investment or trading decision. At best, it can add conviction to a sales decision.
Below is an overview of some recent notable Insider Sales. For more information, see Benzinga insider trading Platform.
Jewelers Signet rings
- The exchange: Bookmark Jewelers Limited (NYSE: SIG) CEO Virginia Drosos sold a total of 25,000 shares at an average price of $ 85.26. The insider received $ 2,131,472.50 as a result of the transaction.
- What is happening: Signet Jewelers recently reported fiscal year 22 third quarter sales growth of 18.3% year-over-year to $ 1.54 billion.
- What Signet Jewelers does: Signet Jewelers Ltd is a diamond jewelry retailer. Its mix of merchandise includes bridal, fashion, watches and more. The bridal category includes engagement, wedding and anniversary purchases.
- The exchange: Alphabet Inc. (NASDAQ: GOOG) Director Larry Page sold a total of 13,785 shares at an average price of $ 2,948.48. The insider received $ 40,644,729.75 from the sale of these shares.
- What is happening: Roku has entered into a multi-year deal with Alphabet Google to keep YouTube and YouTube TV on its streaming platform, CNBC reported.
- What is the alphabet for: Alphabet is a holding company, with Internet media giant Google, as a wholly owned subsidiary. Google generates 99% of Alphabet’s revenue, over 85% of which comes from online advertising.
- The exchange: Microsoft Corporation (NASDAQ: MSFT) Director Teri List sold a total of 1650 shares at an average price of $ 334.90. The insider received $ 552,577.58 as a result of the transaction.
- What is happening: Samsung Electronics Co and Microsoft have launched an augmented reality HoloLens project, the Elect reported.
- What Microsoft is doing: Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and its Office productivity suite.
- The exchange: Walmart Inc. (NYSE: WMT) Director Robson Walton sold a total of 1,273,429 shares at an average price of $ 138.31. The insider received $ 176,121,625.40 from the sale of these shares.
- What is happening: Walmart Canada launched Interac debit payments for online purchases at Walmart.ca and in the Walmart mobile app.
- What Walmart does: The largest U.S. retailer by sales, Walmart operated more than 11,400 stores under 54 banners at the end of fiscal 2021, selling a variety of general merchandise and grocery items.
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