TDG - SLB Marvell Technology And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed higher by over 1% 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.
Schlumberger
- The Trade: Schlumberger Limited (NYSE: SLB) President New Energy Gavin Rennick sold a total of 6,675 shares at an average price of $52.88. The insider received around $352,974 from selling those shares.
- What’s Happening: Schlumberger was chosen by Eni S.p.A. to develop comprehensive plans for measuring and reporting fugitive methane emissions ...