Snap, Dropbox And 2 Other Stocks Insiders Are Selling - BJ's Restaurants (NASDAQ:BJRI), Dropbox (NASDAQ:D

The S&P 500 dropped around 0.3% 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.

LyondellBasell Industries

The Trade: LyondellBasell Industries N.V. (NYSE:LYB) 10% owner Len Blavatnik sold a total of 127,439 shares at an average price of $86.48. The insider received around $11.02 million from selling those shares.
What’s Happening: LyondellBasell disclosed that it is evaluating the expansion of its propylene production capacity at its Channelview Complex near Houston, TX.
What LyondellBasell Industries Does: LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia.

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Snap

The Trade: Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold a total of 11,242 shares at an average price of $11.26. The insider received around $126.64 thousand as a result of the transaction.
What’s Happening: The company recently said it will not provide Q4 expectations due to uncertainties in the operating environment but believes it is likely that year-over-year revenue growth will decelerate as it moves through Q4.
What Snap Does: Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe.

Have a look at our premarket coverage here .

Dropbox

The Trade: Dropbox, Inc. (NASDAQ:DBX) Chief Legal Officer Bart Volkmer sold a total of 25,789 shares at an average price of $22.66. The insider received around $584.33 thousand from selling those shares.
What’s Happening: Dropbox recently reported better-than-expected Q3 results.
What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.

BJ's Restaurants

The Trade: BJ's Restaurants, Inc. (NASDAQ:BJRI) Senior VP Operations Christopher P Pinsak sold a total of 3,212 shares at an average price of $31.92. The insider received around $102.53 thousand from selling those shares.
What’s Happening: The company, last month, posted upbeat quarterly results.
What BJ's Restaurants Does: BJ's Restaurants Inc is involved in the business of owning and operating restaurants.

BJRIBJ's Restaurants Inc

LYBLyondellBasell Industries NV

$70.162.30%

SNAPSnap Inc

$5.63-6.25%

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