Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed slightly higher during Tuesday's session. 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.

Wynn Resorts

• The Trade: Wynn Resorts, Limited WYNN Director Patricia Mulroy sold a total of 2,650 shares at an average price of $78.73. The insider received around $208,635 from selling those shares.
• What's Happening: On Sept. 10, Wynn Resorts priced its $800 million private offering of Wynn Resorts Finance 6.250% Senior Notes due 2033.
• What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.
• Benzinga Pro's real-time newsfeed alerted to latest WYNN news.

Dropbox

• The Trade: Dropbox, Inc. DBX CFO Timothy Regan sold a total of 3,300 shares at an average price of $24.51. The insider received around $80,875 from selling those shares.
• What's Happening: On Aug. 8, Dropbox reported better-than-expected second-quarter financial results.
• What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.
• Benzinga Pro’s charting tool helped identify the trend in DBX stock.

Coinbase Global

• The Trade: Coinbase Global, Inc. COIN President and COO Emilie Choi sold a total of 1,500 shares at an average price of $162.24. The insider received around $243,360 from selling those shares.
• What's Happening: On Sept. 12, Coinbase announced the launch of Coinbase Wrapped BTC (cbBTC), a new ERC20 token backed 1:1 by Bitcoin held in Coinbase’s custody to bridge Bitcoin to Ethereum and base networks.
• What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States.
• Benzinga Pro’s signals feature notified of a potential breakout in COIN shares.

Electronic Arts

• The Trade: Electronic Arts Inc. EA EVP, Global Affairs and CLO Jacob J. Schatz sold a total of 1,500 shares at an average price of $146.58. The insider received around $219,870 from selling those shares.
• What's Happening: On Sept. 17, Electronic Arts outlined its long-term growth strategy at its Investor Day event.
• What Electronic Arts Does: EA is one of the world’s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.
• Benzinga Pro's earnings calendar was used to track upcoming EA’s earnings reports.

Check This Out:

• Cramer: Hewlett Packard Is A ‘Very Inexpensive’ Stock, Likes This Big Tech Stock