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.

Toll Brothers

Microchip Technology

• The Trade: Microchip Technology, Inc. (NASDAQ:MCHP) Executive Chair Steve Sanghi sold a total of 45340 shares at an average price of $84.47. The insider received $3,829,869.80 from selling those shares.

Wynn Resorts

Correction: A previous version of this article said Steve Sanghi was the executive chair at Micron.