The Nasdaq Composite fell about 2% on Thursday. Investors, meanwhile, focused on some notable insider trading.

When insiders sell stock, it shows they are concerned about the company’s prospects or that they think the stock is overpriced. Either way, it signals an opportunity to go short on the stock. Insider selling should not be considered the sole indicator of an investment or trading decision. At best, it can persuade a sales decision.

Below is a look at some notable recent insider sales. For more information, see Benzinga insider trading Platform.

Installed building products

• The trade: Installed Building Products, Inc. IBP President, CEO and Chairman Jeffrey Edwards sold a total of 125,000 shares at an average price of $114.50. The insider received around $14.31 million from the sale of those shares.
• What’s up: Installed Building Products reported better than expected Q4 adjusted EPS and revenue results.
• What installed building products do: Installed Building Products Inc is an insulation installer serving the new residential construction market and is also a diversified installer of ancillary building products including caulking, fire protection and fire protection, garage doors, gutters, blinds, shower doors, closet shelves, mirrors and other products in the United States.

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Standard Motor Products

• The trade: Standard Motor Products, Inc. SMP Chief Commercial Officer & EVP Dale Burks sold a total of 3,530 shares at an average price of $38.40. The insider received approximately $135.55,000 from the sale of those shares.
• What’s up: Standard Motor Products reported better than expected Q4 results.
• What Standard Motor Products does: Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service and repair of vehicles in the automotive aftermarket industry.

Company Perrigo