Adobe, Zoom Video And 2 Other Stocks Insiders Are Selling

The S&P 500 closed higher on Thursday, snapping a three-day losing streak. 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.

Adobe

• The Trade: Adobe Inc. ADBE Chairman and CEO Shantanu Narayen sold a total of 35,000 shares at an average price of $478.03. The insider received around $16.73 million from selling those shares.
• What’s Happening: Omnicom strengthened its partnership with Adobe to bring enterprise generative AI capabilities to clients.
• What Adobe Does: Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media.

Have a look at our premarket coverage here

Zoom Video Communications

• The Trade: Zoom Video Communications, Inc. ZM Chief Operating Officer Aparna Bawa sold a total of 7,000 shares at an average price of $70.18. The insider received around $491.25 thousand from selling those shares.
• What’s Happening: Zoom launched AI-powered Zoom IQ features.
• What Zoom Video Communications Does: Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing.

DISH Network

• The Trade: DISH Network Corporation DISH EVP, CORPORATE DEVELOPMENT Thomas A Cullen sold a total of 75,000 shares at an average price of $6.44. The insider received around $483.25 thousand from selling those shares.
• What’s Happening: Benchmark analyst Matthew Harrigan downgraded DISH Network from Buy to Hold.
• What DISH Network Does: From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach.

Williams Companies

• The Trade: The Williams Companies, Inc. WMB SVP Transmission & Gulf of Mex Scott Hallam sold a total of 7,194 shares at an average price of $31.00. The insider received around $223.01 thousand from selling those shares.
• What’s Happening: Williams Companies posted upbeat quarterly results.
• What Williams Companies Does: Williams is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets.

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