Microsoft, Pinterest And 2 Other Stocks Insiders Are Selling

The S&P 500 closed lower on Monday, after recording gains last week. 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.

Opendoor Technologies

• The Trade: Opendoor Technologies Inc. OPEN Director Chungwei Eric Wu sold a total of 4,500,000 shares at an average price of $2.50. The insider received around $11.23 million from selling those shares.
• What’s Happening: Opendoor Technologies reported better-than-expected first-quarter adjusted EPS and sales results.
• What Opendoor Technologies Does: Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online.
• Have a look at our premarket coverage here

Microsoft

• The Trade: Microsoft Corporation MSFT Director Teri List sold a total of 1,280 shares at an average price of $334.77. The insider received around $418.46 thousand from selling those shares.
• What’s Happening: Evercore ISI Group recently maintained Microsoft with an Outperform and raised the price target from $337 to $400.
• What Microsoft Does: Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite.

Pinterest

• The Trade: Pinterest, Inc. PINS Director Jeffrey Jordan sold a total of 5,000 shares at an average price of $23.74. The insider received around $118.7 thousand from selling those shares.
• What’s Happening: Pinterest named Julia Brau as CFO.
• What Pinterest Does: Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to.

Genpact

The Trade: Genpact Limited G Senior Vice President and CHRO Piyush Mehta sold a total of 70,553 shares at an average price of $37.08. The insider received around $2.62 million from selling those shares.

What’s Happening: Genpact posted upbeat quarterly earnings.

What Genpact Does: Genpact Ltd is a provider of business process management services.

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