United States Steel, Hibbett And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed lower by around 0.1% on Monday. 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.

H&R Block

• The Trade: H&R Block, Inc. HRB CFO Tony Bowen sold a total of 46,892 shares at an average price of $47.10. The insider received around $2.21 million from selling those shares.
• What’s Happening: H&R Block posted upbeat quarterly results.
• What H&R Block Does: H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia.

Have a look at our premarket coverage here

United States Steel

• The Trade: United States Steel Corporation X SVP Adv. Tech. Steelmaking Daniel Brown sold a total of 5,000 shares at an average price of $35.00. The insider received around $175,000 from selling those shares.
• What’s Happening: United States Steel reported third-quarter revenues of $4.43 billion, beating the consensus of $4.39 billion.
• What United States Steel Does: United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia.

Hibbett

• The Trade: Hibbett, Inc. HIBB SVP and CIO Ronald P Blahnik sold a total of 2,200 shares at an average price of $58.85. The insider received around $129,470 from selling those shares.
• What’s Happening: Hibbett reported strong quarterly sales..
• What Hibbett Does: Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country.

A. O. Smith

• The Trade: A. O. Smith Corporation AOS Director Mark D Smith sold a total of 2,700 shares at an average price of $76.01. The insider received around $205,227 from selling those shares.
• What’s Happening: A.O. Smith reported better-than-expected third-quarter financial results.
• What A. O. Smith Does: A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters.

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