Chevron, Yum! Brands And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by over 200 points 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.

Chevron

• The Trade: Chevron Corporation CVX Director Enrique Hernandez Jr sold a total of 7,647 shares at an average price of $162.67. The insider received around $1.24 million from selling those shares.
• What's Happening: On April 26, Chevron reported first-quarter 2024 total revenues and other income of $48.716 billion, a decline of 4.1% year-over-year, missing the consensus of $50.661 billion.
• What Chevron Does: Chevron is an integrated energy company with exploration, production, and refining operations worldwide.

Have a look at our premarket coverage here

HCA Healthcare

• The Trade: HCA Healthcare, Inc. HCA SVP-Payer Contracting & Align Kathryn A. Torres sold a total of 1,863 shares at an average price of $312.00. The insider received around $581,256 from selling those shares.
• What's Happening: On April 26, HCA Healthcare reported its first-quarter revenues of $17.34 billion, up from $15.59 billion a year ago, beating the consensus of $16.78 billion.
• What HCA Healthcare Does: HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States.

D.R. Horton

• The Trade: D.R. Horton, Inc. DHI Director Michael R Buchanan sold a total of 2,000 shares at an average price of $150.70. The insider received around $301,400 from selling those shares.
• What's Happening: On April 18, D.R. Horton reported better-than-expected second-quarter financial results and issued guidance above estimates.
• What D.R. Horton Does: D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states.

Yum! Brands

• The Trade: Yum! Brands, Inc. YUM Director Paget Leonard Alves sold a total of 6,309 shares at an average price of $136.19. The insider received around $859,223 from selling those shares.
• What's Happening: On May 1, the company reported first-quarter adjusted earnings per share of $1.15, missing the analyst consensus of $1.20.
• What Yum! Brands Does: Yum Brands is a U.S.-based restaurant operator featuring a portfolio of four brands: KFC (29,900 global units at year-end 2023), Pizza Hut (19,866 units), Taco Bell (8,564 units), and The Habit Burger Grill (381 units).

Check This Out: Investor Optimism Decreases Slightly, But Dow Records Gains For 4th Day