M&T Bank, Yelp And 2 Other Stocks Insiders Are Selling - Carlisle Companies (NYSE:CSL), M&T Bank (NYSE:MT

The Nasdaq 100 closed higher on Monday. 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.

Snap

The Trade: Snap Inc. (NYSE:SNAP) Chief Technology Officer Robert Murphy sold a total of 1,298,803 shares at an average price of $10.56. The insider received around $10.56 million from selling those shares.
What’s Happening: Snap reported second-quarter revenue of $1.07 billion, which was down 4% year-over-year. The revenue total came in ahead of a Street consensus estimate of $1.05 billion.
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.

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Carlisle Companies

The Trade: Carlisle Companies Incorporated (NYSE:CSL) President, CIT John E Berlin sold a total of 3,966 shares shares at an average price of $275.99. The insider received around $1.09 million from selling those shares.
What’s Happening: Carlisle Companies posted upbeat quarterly earnings.
What Carlisle Companies Does: Carlisle Companies Inc is a holding company. Through its subsidiaries, it manufactures and sells rubber and plastic engineered products.

Yelp

The Trade: Yelp Inc. (NYSE:YELP) Chief Operating Officer Joseph Nachman sold a total of 6,000 shares at an average price of $43.09. The insider received around $258,560 from selling those shares.
What’s Happening: Activist investor TCS Capital Management built a stake in Yelp and urged the service-recommendation site to explore strategic alternatives, including a sale.
What Yelp Does: Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers.

M&T Bank

The Trade: M&T Bank Corporation (NYSE:MTB) Sr. Executive Vice President Doris Meister sold a total of 1,334 shares at an average price of $140.43. The insider received around $ $187,333 from selling those shares.
What’s Happening: M&T Bank reported a second-quarter FY23 revenue of $2.60 billion, beating the consensus of $2.39 billion.
What M&T Bank Does: M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey.

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CSLCarlisle Companies Inc

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