Workday, Southern Company And 2 Other Stocks Insiders Are Selling - H&R Block (NYSE:HRB)

The Nasdaq 100 closed lower by over 1% 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.

Guess?

The Trade: Guess?, Inc. (NYSE:GES) Director Deborah Weinswig sold a total of 6,896 shares at an average price of $23.03. The insider received around $158,813 from selling those shares.
What’s Happening: B. Riley Securities initiated coverage on Guess with a Buy rating and announced a price target of $31.
What Guess? Does: Guess? Inc designs, markets distribute, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess.

Have a look at our premarket coverage here

Workday

The Trade: Workday, Inc. (NASDAQ:WDAY) Director George Still Jr sold a total of 5,000 shares at an average price of 251.00. The insider received around $1.26 million from selling those shares.
What’s Happening: Accenture and Workday expanded partnership to help organizations accelerate finance transformation.
What Workday Does: Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions.

Southern Company

The Trade: The Southern Company (NYSE:SO) CEO, Southern Nuclear Stephen E Kuczynski sold a total of 5,000 shares at an average price of $67.83. The insider received around $339,150 from selling those shares.
What’s Happening: Southern reported a second-quarter FY23 operating revenue decline of 20.3% year-over-year to $5.75 billion, missing the consensus of $6.82 billion.
What Southern Company Does: Southern 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.

H&R Block

The Trade: H&R Block, Inc. (NYSE:HRB) VP & Chief Acct Officer Kellie Logerwell sold a total of 8,000 shares at an average price of $39.61. The insider received around $316,845 from selling those shares.
What’s Happening: H & R Block issued upbeat second-quarter earnings. The company also hiked its dividend by a generous 10%.
What H&R Block Does: H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia.

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