Insiders Are Selling Alphabet And 2 Other Stocks

US gold futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

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.

Applied Materials

• The Trade: Applied Materials, Inc. AMAT SVP, CLO Teri Little sold a total of 33,131 shares at an average price of $86.28. The insider received around $2.86 million from selling those shares.
• What’s Happening: Applied Materials recently announced acquisition of Picosun Oy.
• What Applied Materials Does: Applied Materials is the world's largest supplier of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world.

Also check this: Helen of Troy, Bed Bath & Beyond And 3 Stocks To Watch Heading Into Thursday

Monolithic Power Systems

• The Trade: Monolithic Power Systems, Inc. MPWR CEO Michael Hsing sold a total of 11,495 shares at an average price of $361.57. The insider received around $4.16 million as a result of the transaction.
• What’s Happening: Monolithic Power Systems, last month, announced a second quarter dividend of $0.75 per common share.
• What Monolithic Power Systems Does: Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions.

Have a look at our premarket coverage here .

Alphabet

• The Trade: Alphabet Inc. GOOG SVP, Chief Business Officer Philipp Schindler sold a total of 3,834 shares at an average price of $2,182.62. The insider received around $8.37 million from selling those shares.
• What’s Happening: Barclays recently maintained Alphabet with an Overweight and lowered the price target from $3,200 to $3,000.
• What Alphabet Does: Alphabet Inc 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.