27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
The Nasdaq 100 closed lower by around 0.1% on Friday. 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.
VeriSign
- The Trade: VeriSign, Inc. (NASDAQ:VRSN) Director, Exec. Chairman & CEO D. James Bidzos sold a total of 15,000 shares at an average price of $ $213.55. The insider received around $3.2 million from selling those shares.
- What’s Happening: VeriSign reported worse-than-expected third-quarter revenue results.
- What VeriSign Does: Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains.
Have a look at our premarket coverage here
Tenet Healthcare
- The Trade: Tenet Healthcare Corporation (NYSE:THC) Director Richard W Fisher sold a total of 6,000 shares at an average price of $66.65. The insider received around $399,870 from selling those shares.
- What’s Happening: Tenet Healthcare announced an agreement to sell three Tenet hospitals and related operations in SC to Novant Health for approximately $2.4 billion in cash.
- What Tenet Healthcare Does: Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of June 2023) and over 550 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South.
Goldman Sachs
- The Trade: The Goldman Sachs Group, Inc. (NYSE:GS) Chief Administrative Officer Ericka Leslie sold a total of 1,376 shares at an average price of $335.15. The insider received around $461,166 from selling those shares.
- What’s Happening: Goldman Sachs Group’s Japan President, Masanori Mochida, is reportedly stepping down after 38 years at the investment bank.
- What Goldman Sachs Does: Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services.
Dycom Industries
- The Trade: Dycom Industries, Inc. (NYSE:DY) VP & Chief Accounting Officer Sharon Villaverde sold a total of 2,268 shares at an average price of $102.10. The insider received around $231,563 from selling those shares.
- What’s Happening: Dycom Industries reported better-than-expected third-quarter financial results.
- What Dycom Industries Does: Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries.
Check This Out: Top 5 Real Estate Stocks That May Crash This Month
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!