Executives Sell More Than $67M Of 5 Stocks: NetApp, Eli Lilly And More
US gold futures traded lower on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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. Centene The Trade: Centene Corporation (NYSE: CNC ) Director Richard Gephardt sold a total of 13,520 shares at an average price of $83.05. The insider received around $1.12 million from selling those shares. What’s Happening: Centene recently announced increased guidance and authorized a $3 billion increase to its buyback program. What Centene Does: Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges.
Executives Sell More Than $67M Of 5 Stocks: NetApp, Eli Lilly And More
US gold futures traded lower on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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. Centene The Trade: Centene Corporation (NYSE: CNC ) Director Richard Gephardt sold a total of 13,520 shares at an average price of $83.05. The insider received around $1.12 million from selling those shares. What’s Happening: Centene recently announced increased guidance and authorized a $3 billion increase to its buyback program. What Centene Does: Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges.