Exxon Mobil, Kimberly-Clark And 2 Other Stocks Insiders Are Selling

Author: Avi Kapoor | May 01, 2024 08:46am

The Nasdaq 100 closed lower by more than 300 points on Tuesday. 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.

Kimberly-Clark

• The Trade: Kimberly-Clark Corporation (NYSE:KMB) Chief Bus. & Transf. Officer Jeffrey P. Melucci sold a total of 13,714 shares at an average price of $135.53. The insider received around $1.86 million from selling those shares.
• What's Happening: On April 23, Kimberly-Clark reported better-than-expected first-quarter financial results.
• What Kimberly-Clark Does: With more than half of sales from personal care and another third from consumer tissue products, Kimberly-Clark sits as a leading manufacturer in the tissue and hygiene realm.

Have a look at our premarket coverage here

Charles Schwab

• The Trade: The Charles Schwab Corporation (NYSE:SCHW) Co-Chairman Charles R. Schwab sold a total of 119,811 shares at an average price of $74.87. The insider received around $8.97 million from selling those shares.
• What's Happening: On April 15, Charles Schwab reported better-than-expected first-quarter sales results.
• What Charles Schwab Does: I Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses.

Exxon Mobil

• The Trade: Exxon Mobil Corporation (NYSE:XOM) Vice President Darrin L Talley sold a total of 2,426 shares at an average price of $119.01. The insider received around $288,730 from selling those shares.
• What's Happening: Exxon Mobil is reportedly in talks with Turkey for a multibillion-dollar deal for liquefied natural gas (LNG) as Ankara seeks to curb its dependence on Russia for energy needs.
• What Exxon Mobil Does: ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world.

United Rentals

• The Trade: United Rentals, Inc. (NYSE:URI) President & CEO Matthew John Flannery sold a total of 8,379 shares at an average price of $699.63. The insider received around $5.86 million from selling those shares.
• What's Happening: On April 24, United Rentals reported upbeat first-quarter financial results.
• What United Rentals Does: United Rentals is the world’s largest equipment rental company.

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Posted In: KMB SCHW URI XOM