When insiders start selling their shares, they are likely doubting the company’s prospect or view the company’s stock as overpriced. Whatever reason they have to sell, it is a perfect opportunity or signal to take a short on stocks. However, this shouldn’t be the only signal for making a trading or an investment decision, but it can be a strong reason for making a selling decision. Recently there has been a prominent insider sell-off in the stock market. Vulcan Materials Company (NYSE: VMC) sold it shares at an average price of $86.39. The chairman, president, and CEO Thomas Hill sold a total of 92667 shares. As a result of the transaction, the insider got $17,272,011.11. The company, last month, reported a second-quarter revenue increase of 2.9% year-over-year to $1.36billion, missing the estimate of $1.38billion. Steel Dynamics, Inc. (NASDAQ: STLD) at an average price of $70.99, the president and CEO Mark D Millett sold a total of 155563 shares. As a result of the transaction, the insider received $11,043,109.75. Recently, Seaport Global started coverage on steel dynamics with a buy rating and announced a price target of 75$.
Williams-Sonoma, Inc. (NYSE: WSM) at an average price of $186.32, EVP & General counsel David R. King sold a total of 20000 shares. The insider got $3,726,318.32 from selling those shares. Recently, the company reported better and unexpected Q2 results. The executive vice president of Fossil Group, Inc. (NASDAQ: FOSL), Gregory A McKelvey, also at an average price of $13.41, sold a total of 15000 shares. The insider got $201,150.00 from selling those shares. Last month, the company reported a second-quarter FY21 sales growth of 58.7% year-on-year, to $410.9 million, going beyond analyst consensus value of $333.50 million.