Insider trades are a huge hurdle in the Nasdaq Composite

The Nasdaq Composite fell by over 50 points on Tuesday. 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 for making an investment or trading decision. It can lend conviction to a selling decision.

Below is a look at some recent insider sales. You can find more information on Benzinga's insider transactions platform.

Have a look at our premarket coverage here.

The Trade: The Hershey Company President, U.S. Confection Charles R Raup sold 1,512 shares at an average price of $248.83. The insider received around $376.23 thousand from selling those shares.

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