Insider trades are a major factor in the stock market

The Nasdaq fell by around 0.5% on Wednesday. The investors focused their attention 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 overpriced. This signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator of an investment or trading decision. It can lend conviction to a selling decision.

Below is a look at some recent insider sales. Investor Sentiment Drops Further After S&P 500 Falls For Fifth Session.

Here is our premarket coverage here. Tenet Healthcare Corporation Director Richard W Fisher sold a total of 9,817 shares at an average price of $43.86. The insider received around $430.57 thousand from selling those shares.