Electronic Arts, Tractor Supply And 2 Other Stocks Insiders Are Selling By Benzinga

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Electronic Arts, Tractor Supply And 2 Other Stocks Insiders Are Selling

Published Aug 17, 2023 13:22 Updated Aug 17, 2023 14:40

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Electronic Arts, Tractor Supply And 2 Other Stocks Insiders Are Selling

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Benzinga - by Lisa Levin, Benzinga Editor. The Nasdaq 100 closed lower by over 1% on Wednesday. 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.

USANA Health Sciences

The Trade: USANA Health Sciences, Inc. (NYSE: USNA) Chief Sales Officer Mulham David Mulham sold a total of 2,159 shares at an average price of $65.34. The insider received around $141,067 from selling those shares.
What’s Happening: Usana Health Sciences reported upbeat earnings and sales results for its second quarter.
What USANA Health Sciences Does: Usana Health Sciences Inc is a U.S.-based company that is principally engaged in developing, manufacturing, and selling science-based nutritional and personal-care products.

Have a look at our premarket coverage here

Tractor Supply

The Trade: Tractor Supply Company (NASDAQ: TSCO) EVP Chief Financial Officer Kurt D Barton sold a total of 7,487 shares at an average price of $222.43. The insider received around $1.67 million from selling those shares.
What’s Happening: Tractor Supply reported second-quarter FY23 sales growth of 7.2% year-on-year to $4.18 billion, missing the consensus of $4.26 billion.
What Tractor Supply Does: Tractor Supply is the largest operator of retail farm and ranch stores in the United States.

Electronic Arts

The Trade: Electronic Arts Inc. (NASDAQ: EA) Director Luis A Ubinas sold a total of 2,004 shares at an average price of $122.06. The insider received around $244,604 from selling those shares.
What’s Happening: The company reported first-quarter net bookings of $1.578 billion compared to estimates of $1.29 billion, up 21% year-over-year. It reported earnings per share of $1.47, beating the consensus of $1.09.
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.

Medifast

The Trade: Medifast, Inc. (NYSE: MED) Director Jeffrey Brown sold a total of 38,316 shares at an average price of $91.14. The insider received around $3.49 million from selling those shares.
What’s Happening: Medifast posted upbeat quarterly results.
What Medifast Does: Medifast Inc is a United states based company that produces, distributes and sells products concerning weight loss, weight management, and healthy living.

Check This Out: Top 5 Consumer Stocks That May Fall Off A Cliff

Read the original article on Benzinga

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Electronic Arts, Tractor Supply And 2 Other Stocks Insiders Are Selling

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