DoorDash, Southern Company And These 2 Other Stocks Insiders Are Selling

The Dow Jones jumped by over 180 points 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.

DoorDash

• The Trade: DoorDash, Inc. DASH Director Brendan Brown sold a total of 1,250 shares at an average price of $52.91. The insider received around $66.14 thousand from selling those shares.
• What’s Happening: DoorDash put forth new Canada partnership plans to better support restaurant partners nationwide.
• What DoorDash Does: Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the U.S.

TechTarget, AST SpaceMobile Are Among Oversold Communication Services Stocks: Are They Worth A Look?

Southern Company

• The Trade: The Southern Company SO EVP and CIO Martin B. Davis sold a total of 1,475 shares at an average price of $68.35. The insider received around $100.82 thousand as a result of the transaction.
• What’s Happening: The company, during October, posted upbeat quarterly results.
• What Southern Company Does: Southern Co. is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states.

Have a look at our premarket coverage here .

E.W. Scripps Company

• The Trade: The E.W. Scripps Company SSP President, Scripps Networks Lisa A Knutson sold a total of 9,950 shares at an average price of $14.14. The insider received around $140.69 thousand from selling those shares.
• What’s Happening: The company, last month, posted downbeat Q3 results
• What E.W. Scripps Does: The E W Scripps Co is a media enterprise with interests in local and national media brands.

Agilent Technologies

• The Trade: Agilent Technologies, Inc. A Director Hwee Boon Koh sold a total of 13,000 shares at an average price of $152.21. The insider received around $1.98 million from selling those shares.
• What’s Happening: Agilent Technologies recently reported better-than-expected Q4 results.
• What Agilent Does: Originally spun out of Hewlett-Packard in 1999, Agilent has evolved into a leading life sciences and diagnostics firm.