U.S. crude futures fell more than 1% on Monday, after surging to as high as $92.7 earlier during the 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.

Public Service Enterprise Group

• The Trade: Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman, President and CEO Ralph Izzo disposed a total of 9,883 shares at an average price of $66.15. The insider received $653.78 thousand as a result of the transaction.
• What’s Happening: Evercore ISI Group recently upgraded Public Service Enterprise from In-Line to Outperform.
• What Public Service Enterprise Group Does: Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other non-regulated businesses such as nuclear power generation and clean energy infrastructure.

Moderna

• The Trade: Moderna, Inc. (NASDAQ:MRNA) CEO Stephane Bancel sold a total of 23,000 shares at an average price of $167.79. The insider received $3.19 million from selling those shares.
• What’s Happening: Moderna is expected to report Q4 financial results on Thursday, February 24, 2022.
• What Moderna Does: Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its COVID-19 vaccine, which was authorized in the United States in December 2020.

Also check out this: Alphabet And 4 Other Stocks Sold By Insiders

Alcoa

• The Trade: Alcoa Corporation (NYSE:AA) EVP and Gen. Counsel Jeffrey D Heeter sold a total of 17,696 shares at an average price of $60.56. The insider received $1.07 million as a result of the transaction.
• What’s Happening: The company recently posted upbeat quarterly earnings.
• What Alcoa Does: Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum.

Schlumberger

Alphabet