Domino's Pizza, U.S. Bancorp And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed slightly higher on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Domino's Pizza

• The Trade: Domino's Pizza, Inc. DPZ Director Andrew Balson sold a total of 12,638 shares at an average price of $397.02. The insider received around $2.01 million from selling those shares.
• What’s Happening: Domino's Pizza reported better-than-expected earnings for its second quarter.
• What Domino's Pizza Does: Domino's is a restaurant operator and franchiser with nearly 20,000 global stores across more than 90 international markets at the end of 2022.

Have a look at our premarket coverage here

MGM Resorts International

• The Trade: MGM Resorts International MGM Chief Operating Officer Ian Corey Sanders sold a total of 25,000 shares at an average price of $45.21. The insider received around $1.13 million from selling those shares. The company’s other Executives also sold the company’s shares.
• What’s Happening: MGM Resorts reported second-quarter revenue of $3.94 billion, which was up 21% year-over-year.
• What MGM Resorts International Does: MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market.

Mattel

• The Trade: Mattel, Inc. MAT Director Richard Todd Bradley sold a total of 12,601 shares at an average price of $21.37. The insider received around $269,283.37 from selling those shares.
• What’s Happening: Mattel expanded Barbie The Movie product collection inspired by the film created in partnership with Warner Bros Discovery Pictures.
• What Mattel Does: Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, handheld and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys.

U.S. Bancorp

• The Trade: U.S. Bancorp USB Vice Chair and CFO Terrance R Dolan sold a total of 26,000 shares at an average price of $39.75. The insider received around $1.03 million from selling those shares.
• What’s Happening: U.S. Bancorp announced debt/equity conversion with Mitsubishi UFJ Financial.
• What U.S. Bancorp Does: As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States.

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