ZG - Urban Outfitters Eli Lilly And 2 Other Stocks Insiders Are Selling | Benzinga
The Nasdaq 100 closed lower by over 100 points on Wednesday. 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.
Electronic Arts
- The Trade: Electronic Arts Inc. (NASDAQ:EA) Chairman and CEO Andrew Wilson sold a total of 2,500 shares at an average price of $132.24. The insider received around $330,595 from selling those shares.
- What's Happening: On May 7, EA said fourth-quarter total net revenue fell ...