QTWO - Progressive Q2 Holdings And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by around 2% on Friday. 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.
Progressive
- The Trade: The Progressive Corporation (NYSE:PGR) Director Devin C Johnson sold a total of 1,000 shares at an average price of $208.33. The insider received around $208,326 from selling those shares.
- What's Happening: On April 12, Progressive reported that in the first quarter of fiscal 2024, net income per share available to common shareholders was ...