The Nasdaq 100 closed slightly lower 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.
TechnipFMC
- The Trade: TechnipFMC plc (NYSE: FTI) Director Carvalho Filho Eleazar de sold a total of 12,491 shares at an average price of $21.20. The insider received over $264,809 from selling those shares.
- What’s Happening: On Feb. 22, TechnipFMC posted upbeat fourth-quarter earnings.
- What TechnipFMC Does: TechnipFMC is the largest pure-play offshore service ...