Tesla, Adobe And 2 Other Stocks Insiders Are Selling

Tesla, Adobe And 2 Other Stocks Insiders Are Selling

Silver futures traded slightly higher this morning on Thursday. 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.

Analog Devices

  • The Trade: Analog Devices, Inc. ADI Director Tunc Doluca sold a total of 2,400 shares at an average price of $150.00. The insider received around $360 thousand from selling those shares.
  • What’s Happening: The company, in August, posted upbeat quarterly earnings.
  • What Analog Devices Does: Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa.

Also check this: Tesla To $370? Plus HC Wainwright Slashes PT On This Stock By 67%

Adobe

  • The Trade: Adobe Inc. ADBE Director John Warnock sold a total of 1,200 shares at an average price of $292.92. The insider received around $351.51 thousand as a result of the transaction.
  • What’s Happening: MoffettNathanson recently initiated coverage on Adobe with a Hold rating and announced a price target of $354.
  • What Adobe Does: Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media.

Have a look at our premarket coverage here .

Willis Towers Watson

  • The Trade: Willis Towers Watson Public Limited Company WTW Head of Health, Wealth &Career Julie J. Gebauer sold a total of 1,400 shares at an average price of $210.00. The insider received around $294 thousand from selling those shares.
  • What’s Happening: Credit Suisse recently initiated coverage on Willis Towers Watson with an Outperform rating and announcesd a price target of $288.
  • What Willis Towers Watson Does: In January 2016, Towers Watson and Willis Group merged to form Willis Towers Watson, a global advisory, insurance brokerage, and solutions company.

Tesla

  • The Trade: Tesla, Inc. TSLA CFO Zachary Kirkhorn sold a total of 3,750 shares at an average price of $250.50. The insider received around $939.38 thousand from selling those shares.
  • What’s Happening: Mizuho maintained Tesla with a Buy and lowered the price target from $391.76 to $370.
  • What Tesla Does: Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles.
Posted In: Insider SellingNewsInsider TradesMarketsTrading Ideas