Companies Reporting Before The Bell
Motorcar Parts of America, Inc. (NASDAQ: MPAA) is expected to report quarterly earnings at $0.64 per share on revenue of $153.3 million.
A whale with a lot of money to spend has taken a noticeably bearish stance on Marathon Petroleum.
Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 15 strange 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.