Crude oil futures dropped around 3.5% on Tuesday, after reaching a new 7-year high level 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.

CME Group

• The Trade: CME Group Inc. (NASDAQ:CME) Director Charles P Carey disposed a total of 3,000 shares at an average price of $244.36. The insider received around $733.07 thousand as a result of the transaction.
• What’s Happening: CME Group recently reported better-than-expected Q4 EPS results.
• What CME Group Does: Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities.

Royal Caribbean Cruises

• The Trade: Royal Caribbean Cruises Ltd. (NYSE:RCL) Chief Executive Officer and President of Royal Caribbean International Ltd, Michael W Bayley sold a total of 16,904 shares at an average price of $88.11. The insider received around $1.49 million from selling those shares.
• What’s Happening: Royal Caribbean Cruises recently reported fourth-quarter FY21 sales of $982.25 million, missing the analyst consensus of $1.04 billion.
• What Royal Caribbean Cruises Does: Royal Caribbean is the world's second- largest cruise company, operating 61 ships across five global and partner brands in the cruise vacation industry.

Also check this: 3 Penny Stocks Insiders Are Buying

Jabil

• The Trade: Jabil Inc. (NYSE:JBL) Chairman and CEO Mark Mondello sold a total of 12,000 shares at an average price of $62.16. The insider received $745.89 thousand as a result of the transaction.
• What’s Happening: The company’s stock dropped around 12% over the past month.
• What Jabil Does: Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions.

ZoomInfo Technologies

• The Trade: ZoomInfo Technologies Inc. (NASDAQ:ZI) 10% owner Cp Vi Evergreen Holdings Lp sold a total of 327,235 shares at an average price of $58.16. The insider received $19.03 million from selling those shares.
• What’s Happening: The company is scheduled to release quarterly earnings today.
• What ZoomInfo Technologies Does: ZoomInfo Technologies Inc provides a go-to-market intelligence platform for sales and marketing teams. Its cloud-based go-to-market data and insights platform deliver comprehensive and high-quality intelligence and analytics to provide sales and marketing professionals with accurate information and insights on the organizations and professionals.