The Nasdaq 100 closed higher by around 0.2% 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.

Texas Roadhouse

• The Trade: Texas Roadhouse, Inc. (NASDAQ:TXRH) CEO Gerald Morgan sold a total of 5,000 shares at an average price of $115.26. The insider received around $576,300 from selling those shares.
• What’s Happening: On Oct. 26, Texas Roadhouse posted downbeat quarterly earnings.
• What Texas Roadhouse Does: Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment.

Have a look at our premarket coverage here

CME Group

• The Trade: CME Group Inc. (NASDAQ:CME) Sr MD Gl Hd Commodity & Option Derek Sammann sold a total of 12,543 shares at an average price of $220.73. The insider received around $2.77 million from selling those shares.
• What’s Happening: On Oct. 25, CME Group reported better-than-expected earnings for the third quarter.
• What CME Group Does: Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities.

Walmart

Las Vegas Sands

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