Nike And 3 Other Stocks Insiders Are Selling

US stock futures traded lower this morning on Thursday after recording gains 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.


  • The Trade: NVIDIA Corporation NVDA Director Mark A Stevens sold a total of 227,650 shares at an average price of $158.06. The insider received around $35.98 million from selling those shares.
  • What’s Happening: The company’s shares tumbled around 42% over the previous six months.
  • What NVIDIA Does: Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.

Also check this: Insiders Buy More Than $57M Of 2 Stocks


  • The Trade: NIKE, Inc. NKE EVP and CFO Matthew Friend sold a total of 9,032 shares at an average price of $110.52. The insider received around $1 million as a result of the transaction.
  • What’s Happening: UBS maintained Nike with a Buy and lowered the price target from $173 to $168.
  • What NIKE Does: Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan.

Have a look at our premarket coverage here .

Best Buy

  • The Trade: Best Buy Co., Inc. BBY CEO Corie Barry sold a total of 4,388 shares at an average price of $70.00. The insider received around $307.17 thousand from selling those shares.
  • What’s Happening: B of A Securities downgraded Best Buy from Buy to Neutral.
  • What Best Buy Does: With $51.8 billion in fiscal 2022 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., with roughly 10.6% share of the aggregate market and north of 40% share of offline sales, per our calculations, CTA industry, and Euromonitor data.


  • The Trade: SpartanNash Company SPTN Director Matthew Mannelly sold a total of 10,000 shares at an average price of $31.06. The insider received around $310.6 thousand from selling those shares.
  • What’s Happening: SpartanNash acquired Shop-N-Save Food Centers, a three-store grocery chain in northwestern Michigan.
  • What SpartanNash Does: SpartanNash Co is a multi-regional grocery distributor and retailer. The company operates in the United States and is segmented into Military, Food Distribution, and Retail.

Posted In: Insider SellingNewsSmall CapInsider TradesMarketsTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.