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.
Pulled from Benzinga Pro data Jefferies Financial Group (NYSE:JEF) posted Q2 earnings of $497.67 million, an increase from Q1 of 38.66%. Sales dropped to $1.95 billion, a 21.55% decrease between quarters.
Gainers
SGOCO Group, Ltd. (NASDAQ: SGOC) shares gained 37.6% to settle at $13.20 on Wednesday. SGOCO Group regained compliance with Nasdaq's listing standards on July 12 by filing its FY20 20-F.