The S&P 500 closed higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Electronic Arts

• The Trade: Electronic Arts Inc. (NASDAQ:EA) CEO and Board Chair Andrew Wilson sold a total of 5,000 shares at an average price of $124.91. The insider received around $624,563 from selling those shares.
• What’s Happening: Electronic Arts is currently undergoing significant internal changes, as announced by CEO Andrew Wilson in a recent statement.
• What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.

Have a look at our premarket coverage here

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