HP And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. 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: HP Inc. HPQ President and CEO Enrique Lores sold a total of 34,000 shares at an average price of $32.67. The insider received around $1.11 million from selling those shares.
  • What’s Happening: Evercore ISI Group, on Tuesday, downgraded HP from Outperform to In-Line and announced $36 price target.
  • What HP Does: HP Incorporated is a leading provider of computers, printers, and printer supplies. The company's mains segments are personal systems and printing. Its personal systems segment contains notebooks, desktops, and workstations.

Also check this: This Analyst Lowers Price Targets On Visa, Mastercard, American Express

Keurig Dr Pepper

  • The Trade: Keurig Dr Pepper Inc. KDP President, Cold Beverages Derek Herbert Hopkins sold a total of 37,500 shares at an average price of $35.55. The insider received around $1.33 million as a result of the transaction.
  • What’s Happening: Keurig Dr Pepper recently announced plans to acquire global rights to non-alcoholic brand Atypique.
  • What Keurig Dr Pepper Does: Keurig Dr Pepper, the product of a 2018 merger between Dr Pepper Snapple and Keurig Green Mountain, is the third-largest nonalcoholic beverage company in North America.

Have a look at our premarket coverage here .

Booz Allen Hamilton

  • The Trade: Booz Allen Hamilton Holding Corporation BAH President and CEO Horacio Rozanski sold a total of 40,000 shares at an average price of $92.80. The insider received around $3.71 million from selling those shares.
  • What’s Happening: Booz Allen Hamilton, last month, secured the National Aeronautics and Space Administration (NASA) Cybersecurity and Privacy Enterprise Solutions and Services (CyPrESS) contract.
  • What Booz Allen Hamilton Does: Booz Allen Hamilton Holding Corp is a provider of management consulting services to the U.S. government.

Noble Corporation

  • The Trade: Noble Corporation NE 10% owner Pacific Investment Management Co LLC sold a total of 341,947 shares at an average price of $25.23. The insider received around $8.63 million from selling those shares.
  • What’s Happening: Noble recently announced an agreement to sell five jackup rigs for $375 million.
  • What Noble Corporation Does: Noble Corp is an offshore drilling contractor for the oil and gas industry. The company operates under one segment namely, Contract Drilling Services.

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 Bankrate.com. 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 Bankrate.com 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.