LyondellBasell, Dropbox And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by over 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.

Dropbox

• The Trade: Dropbox, Inc. DBX CFO Timothy Regan sold a total of 75,000 shares at an average price of $27.76. The insider received around $2.08 million from selling those shares.
• What’s Happening: Dropbox reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 45 cents, a 34.21% increase over earnings of $0.38 per share from last year.
• What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.

Have a look at our premarket coverage here

Darling Ingredients

• The Trade: Darling Ingredients Inc. DAR EVP Chief Strategy Officer John Bullock sold a total of 28,734 shares at an average price of $65.11. The insider received around $1.87 million from selling those shares. The company’s Director also bought 1,550 shares of the company.
• What’s Happening: Darling Ingredients posted downbeat quarterly sales.
• What Darling Ingredients Does: Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries.

LyondellBasell Industries

• The Trade: LyondellBasell Industries N.V. LYB 10% owner Len Blavatnik sold a total of 450,000 shares at an average price of $99.61. The insider received around $648,550 from selling those shares.
• What’s Happening: LyondellBasell Industries reported the second-quarter revenues of $10.31 billion, down from $14.84 billion a year ago, which missed the consensus of $10.40 billion.
• What LyondellBasell Industries Does: LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia.

Boot Barn Holdings

• The Trade: Boot Barn Holdings, Inc. BOOT Chief Retail Officer Michael A Love sold a total of 10,250 shares at an average price of $94.94. The insider received around $973,135 from selling those shares.
• What’s Happening: Boot Barn posted upbeat quarterly earnings.
• What Boot Barn Holdings Does: Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States.

Check This Out: Cardinal Health Likely To Post Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts