Intuit And 4 Other Stocks Insiders Are Selling
US stock futures traded higher this morning on Tuesday after recording a decline in the previous session. 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. Intuit The Trade: Intuit Inc. (NASDAQ: INTU ) EVP, People and Places Laura Fennell sold a total of 10,000 shares at an average price of $392.39. The insider received around $3.92 million from selling those shares. What’s Happening: The company, last month, posted better-than-expected quarterly results. What Intuit Does: Intuit is a provider of small-business accounting software (QuickBooks), personal …
Intuit And 4 Other Stocks Insiders Are Selling
US stock futures traded higher this morning on Tuesday after recording a decline in the previous session. 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. Intuit The Trade: Intuit Inc. (NASDAQ: INTU ) EVP, People and Places Laura Fennell sold a total of 10,000 shares at an average price of $392.39. The insider received around $3.92 million from selling those shares. What’s Happening: The company, last month, posted better-than-expected quarterly results. What Intuit Does: Intuit is a provider of small-business accounting software (QuickBooks), personal …