The Nasdaq 100 closed lower by around 300 points 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.

PriceSmart

• The Trade: PriceSmart, Inc. (NASDAQ:PSMT) Director Edgar Zurcher sold a total of 1,075 shares at an average price of $79.08. The insider received around $85,006 from selling those shares.
• What’s Happening: On April 9, PriceSmart reported better-than-expected second-quarter results and announced a one-time special dividend of $1 per share.
• What PriceSmart Does: Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices.

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