SHOO - Best Buy McKesson And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed slightly higher by over 60 points on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.
Steven Madden
- The Trade: Steven Madden Ltd (NASDAQ:SHOO) Chief Merchandising Officer Karla Frieders sold a total of 12,176 shares at an average price of $44.82. The insider received around $545,775 from selling those shares.
- What's Happening: On May 1, Steven Madden posted upbeat quarterly earnings.
- What Steven Madden Does: Steven Madden ...