NVIDIA, Maplebear And Two Other Stocks Insiders Are Selling

The Nasdaq Composite jumped 2.64% at 17,599.40 during Wednesday’s session. 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.

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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, including Nvidia and Maplebear. For the full list, check out Benzinga’s insider transactions platform.

Franklin Electric

• The Trade: Franklin Electric Co., Inc. FELE Executive Chairperson Gregg C Sengstack sold a total of 15,396 shares at an average price of $105.48. The insider received around $1.6 million from selling those shares.
• What's Happening: On July 23, Franklin Electric reported worse-than-expected second-quarter financial results.
• What Franklin Electric Does: Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment

Buckle

• The Trade: The Buckle, Inc. BKE President and CEO Dennis H Nelson sold a total of 20,487 shares at an average price of $41.33. The insider received around $846,672 from selling those shares.
• What's Happening: On July 11, Buckle reported June 2024 net sales of $101.7 million.
• What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.

NVIDIA

• The Trade: NVIDIA Corporation NVDA President and CEO Jen Hsun Huang sold a total of 240,000 shares at an average price of $109.93. The insider received around $26.4 million from selling those shares.
• What's Happening: NVIDIA will host a conference call on Wednesday, Aug. 28, to discuss its financial results for the second quarter.
• What NVIDIA Does: Nvidia is a leading developer of graphics processing units.

Maplebear

• The Trade: Maplebear Inc. CART President and CEO Fidji Simo sold a total of 8,500 shares at an average price of $34.53. The insider received around $293,511 from selling those shares.
• What's Happening: On July 31, Instacart and Albertsons Companies expanded partnership nationwide launching pickup services and convenience delivery.
• What Maplebear Does: Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada.

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