The Nasdaq 100 closed lower by around 0.1% on Friday. 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.

VeriSign

• The Trade: VeriSign, Inc. (NASDAQ:VRSN) Director, Exec. Chairman & CEO D. James Bidzos sold a total of 15,000 shares at an average price of $ $213.55. The insider received around $3.2 million from selling those shares.
• What’s Happening: VeriSign reported worse-than-expected third-quarter revenue results.
• What VeriSign Does: Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains.

Have a look at our premarket coverage here

Tenet Healthcare

• The Trade: Tenet Healthcare Corporation (NYSE:THC) Director Richard W Fisher sold a total of 6,000 shares at an average price of $66.65. The insider received around $399,870 from selling those shares.
• What’s Happening: Tenet Healthcare announced an agreement to sell three Tenet hospitals and related operations in SC to Novant Health for approximately $2.4 billion in cash.
• What Tenet Healthcare Does: Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of June 2023) and over 550 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South.

Goldman Sachs

Dycom Industries

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