3 Stocks Insiders Are Selling

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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.

Expeditors International of Washington

• The Trade: Expeditors International of Washington, Inc. EXPD Pres:Global Services Eugene Alger disposed a total of 11500 shares at an average price of $128.50. The insider received $1,477,784.50 as a result of the transaction.
• What’s Happening: Morgan Stanley recently downgraded Expeditors International from Equal-Weight to Underweight.
• What Expeditors International of Washington Does: Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding.

Alphabet

• The Trade: Alphabet Inc. GOOG Director Larry Page sold a total of 13889 shares at an average price of $2,960.70. The insider received $41,121,139.98 from selling those shares.
• What’s Happening: Roku reached a multi-year agreement with Alphabet Google to keep YouTube and YouTube TV on its streaming platform, CNBC reported.
• What Alphabet Does: Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads.

Automatic Data Processing

• The Trade: Automatic Data Processing, Inc. ADP President and CEO Carlos Rodriguez sold a total of 56536 shares at an average price of $234.11. The insider received $13,235,789.36 as a result of the transaction.
• What’s Happening: Citigroup recently maintained Automatic Data Processing with a Neutral and raised the price target from $220 to $238..
• What Automatic Data Processing Does: ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises.