The S&P 500 closed lower on Tuesday. 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.

Hewlett Packard Enterprise

• The Trade: Hewlett Packard Enterprise Company (NYSE:HPE) SVP Controller and CTO Jeremy Cox sold a total of 9,161 shares at an average price of $17.00. The insider received around $155.74 thousand from selling those shares.
• What’s Happening: HPE expanded its relationship with AWS to simplify hybrid cloud transformation for enterprises.
• What Hewlett Packard Enterprise Does: Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises.
• Have a look at our premarket coverage here

Arthur J. Gallagher

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