The Nasdaq 100 closed lower by around 270 points on Thursday. 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.

Charles Schwab

• The Trade: The Charles Schwab Corporation (NYSE:SCHW) Director Paula Sneed sold a total of 6,918 shares at an average price of $49.98. The insider received around $345,737 from selling those shares.
• What’s Happening: Charles Schwab reported better-than-expected earnings for the third quarter.
• What Charles Schwab Does: Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses.

Have a look at our premarket coverage here

Micron Technology

• The Trade: Micron Technology, Inc. (NASDAQ:MU) CVP, Chief Accounting Officer Scott Allen sold a total of 8,882 shares at an average price of $67.79. The insider received around $602,111 from selling those shares.
• What’s Happening: Micron recently marked the commencement of construction on a pioneering memory manufacturing facility in Boise, Idaho.
• What Micron Technology Does: Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips.

Electronic Arts

Interactive Brokers

Check This Out: Investor Fear Grows Further Following Earnings, Economic Reports