The Nasdaq Composite closed slightly lower on Monday. 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.

Crocs

• The trade: Crocs, Inc. CROX Managing Director Andrew Rees sold a total of 10,000 shares at an average price of $150.05. The insider received around $1.5 million from the sale of those shares.
• What’s up: Crocs reported Q4 FY22 revenue grew 61.1% year over year to $945.16 million, beating the consensus of $939.26 million.
• What Crocs does: Crocs Inc is engaged in the design, development, marketing, distribution and sale of accessories for casual lifestyle footwear for men, women and children.

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Procter & Gamble

• The trade: The Procter & Gamble company PG CEO – Baby, Female and Family Care Ma. Fatima Francisco sold a total of 8,000 shares at an average price of $156.84. The insider received around $1.25 million from the sale of those shares.
• What’s up: Proctor & Gamble reported better-than-expected Q3 adjusted EPS and sales results and raised its all-in FY23 sales guidance.
• What Procter & Gamble does: Since its founding in 1837, Procter & Gamble has grown into one of the world’s largest manufacturers of consumer goods, with annual sales in excess of $80 billion.

progressive society

• The trade: The Progressive Corporation PGR Chief Information Officer Steven Broz sold a total of 930 shares at an average price of $137.79. The insider received around $128.14k from the sale of those shares.
• What is…