Costco Wholesale And 3 Other Stocks Insiders Are Selling - Costco Wholesale (NASDAQ:COST)

U.S. crude oil futures trading lower this morning 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.

Conn's

The Trade: Conn's, Inc. (NASDAQ:CONN) Chief Human Resources Officer Brian Daly sold a total of 15,000 shares at an average price of $9.44. The insider received around $141.6 thousand from selling those shares.
What’s Happening: The company, last month, posted mixed quarterly results.
What Conn's Does: Conn's Inc is a United-States-based specialty retailer primarily engaged in the sale of durable consumer goods and related services.

Also check this: Why Is United Airlines Down By Over 6%? Here Are 25 Stocks Moving In Thursday's Pre-Market Session

NetApp

The Trade: NetApp, Inc. (NASDAQ:NTAP) CEO George Kurian sold a total of 2,125 shares at an average price of $70.00. The insider received around $148.75 thousand as a result of the transaction.
What’s Happening: JP Morgan recently maintained NetApp with an Overweight and lowered the price target from $100 to $85.
What NetApp Does: NetApp is a leading provider of enterprise data management and storage solutions.

Have a look at our premarket coverage here .

Fastly

The Trade: Fastly, Inc. (NYSE:FSLY) CFO Ronald Kisling sold a total of 2,194 shares at an average price of $11.80. The insider received around $25.89 thousand from selling those shares.
What’s Happening: Morgan Stanley recently downgraded the stock from Equal-Weight to Underweight and lowered its price target from $18 to $12.
What Fastly Does: Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content.

Costco Wholesale

The Trade: Costco Wholesale Corporation (NASDAQ:COST) Executive VP James Murphy sold a total of 1,500 shares at an average price of $525.20. The insider received around $787.8 thousand from selling those shares.
What’s Happening: Deutsche Bank recently upgraded the stock from Hold to Buy and raised its price target from $525 to $579.
What Costco Wholesale Does: The leading warehouse club, Costco has 815 stores worldwide (at the end of fiscal 2021), with most sales derived in the United States (72%) and Canada (14%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment.

COSTCostco Wholesale Corp

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