Coca-Cola, Pinterest And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed slightly higher 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.

Hyatt Hotels

• The Trade: Hyatt Hotels Corporation H Charles Floyd sold a total of 6,000 shares at an average price of $114.00. The insider received around $684 thousand from selling those shares.
• What’s Happening: Hyatt Hotels reported mixed first-quarter results..
• What Hyatt Hotels Does: Hyatt is an operator of owned (4% of total rooms) and managed and franchise (96%) properties across roughly 20 upscale luxury brands, which includes vacation brands (Apple Leisure Group, Hyatt Ziva and Hyatt Zilara), the recently launched full-service lifestyle brand Hyatt Centric, the soft lifestyle brand Unbound, and the wellness brand Miraval.
• Have a look at our premarket coverage here

• Pinterest

• The Trade: Pinterest, Inc. PINS SVP, Products Naveen Gavini sold a total of 11,185 shares at an average price of $21.29. The insider received around $238.16 thousand from selling those shares.
• What’s Happening: Pinterest reported an increase in total costs and expenses in the first quarter.
• 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.

Coca-Cola

• The Trade: The Coca-Cola Company KO Henrique Braun sold a total of 16,950 shares at an average price of $64.03. The insider received around $1.09 million from selling those shares.
• What’s Happening: Coca-Cola reported better-than-expected first-quarter results.
• What Coca-Cola Does: Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee.

eBay

• The Trade: eBay Inc. EBAY SVP, Chief People Officer Cornelius Boone sold a total of 5,500 shares at an average price of $44.67. The insider received around $245.7 thousand from selling those shares.
• What’s Happening: eBay reported better-than-expected first-quarter results.
• What eBay Does: eBay operates one of the largest e-commerce marketplaces in the world, with $74 billion in 2022 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company.

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