Disney, Accenture And These 2 Stocks Insiders Are Selling

The Nasdaq Composite dropped by over 200 points on Tuesday. 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.

Accenture

• The Trade: Accenture plc ACN Chief Leadership & HR Officer Ellyn Shook sold a total of 5,250 shares at an average price of $275.90. The insider received around $1.45 million from selling those shares.
• What’s Happening: Accenture and Google Cloud expanded partnership to accelerate cybersecurity resilience.
• What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.

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Walt Disney Company

• The Trade: The Walt Disney Company DIS EVP, Control, Fin Plan & Tax Brent Woodford sold a total of 1,145 shares at an average price of 99.16. The insider received around $113.54 thousand from selling those shares.
• What’s Happening: Wells Fargo recently maintained Walt Disney with an Overweight and raised the price target from $141 to $147.
• What Walt Disney Does: Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker.

Westrock Coffee Company

• The Trade: Westrock Coffee Company, LLC WEST 10% owner Stephens Jr sold a total of 10,696 shares at an average price of $12.56. The insider received around $134.36 thousand from selling those shares.
• What’s Happening: Westrock Coffee posted downbeat quarterly sales results.
• What Westrock Coffee Does: Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S, providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to retail, foodservice and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world.

One Stop Systems

• The Trade: One Stop Systems, Inc. OSS 10% owner Steve Cooper sold a total of 203,591 shares at an average price of $2.32. The insider received around $472.78 thousand from selling those shares.
• What’s Happening: One Stop Systems posted a loss for the fourth quarter.
• What One Stop Systems Does: One Stop Systems Inc designs and manufactures innovative Artificial intelligence (AI) Transportable edge computing modules and systems, including ruggedized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator SAN, NAS and data recording software for AI workflows.

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