📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Insiders Selling Roblox And 2 Other Stocks

Published 27/02/2023, 13:09
© Reuters.  Insiders Selling Roblox And 2 Other Stocks

Benzinga - The S&P 500 closed lower by around 1% on Friday. Investors, meanwhile, focused 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 being overpriced. Either way, 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. 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.

Huntington Ingalls Industries

  • The Trade: Huntington Ingalls Industries Inc (NYSE: HII) Director Anastasia D. Kelly sold a total of 3,662 shares at an average price of $222.41. The insider received around $814.47 thousand from selling those shares.
  • What’s Happening: Huntington Ingalls posted weaker-than-expected quarterly earnings.
  • What Huntington Ingalls Does: Huntington Ingalls Industries Inc is an all-domain defense partner, building and delivering the powerful and survivable naval ships and technologies that safeguard America's seas, sky, land, space, and cyber.
Have a look at our premarket coverage here


  • The Trade: Roblox Corp (NYSE: RBLX) Chief Business Officer Craig Donato sold a total of 8,907 shares at an average price of $37.06. The insider received around $330.06 thousand from selling those shares.
  • What’s Happening: Roblox reported better-than-expected Q4 sales results.
  • What Roblox Does: Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players.

Tri Pointe Homes

  • The Trade: Tri Pointe Homes Inc (NYSE: TPH) Director Constance Moore sold a total of 39,589 shares at an average price of $23.15. The insider received around $916.49 thousand from selling those shares.
  • What’s Happening: Tri Pointe Homes reported better-than-expected Q4 results and approved a buyback of up to $250 million.
  • What Tri Pointe Homes Does: Tri Pointe Homes Inc is an American construction company that focuses on residential construction.
Check This Out: Top 5 Energy Stocks That May Plunge This Month

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.