The Nasdaq 100 closed higher by over 200 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.
Chevron
- The Trade: Chevron Corporation (NYSE:CVX) Director Enrique Hernandez Jr sold a total of 7,647 shares at an average price of $162.67. The insider received around $1.24 million from selling those shares.
- What's Happening: On April 26, Chevron reported first-quarter 2024 total revenues and ...