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AMC Entertainment, Cintas And These 2 Stocks Insiders Are Selling

ByLisa Levin

Jan 17, 2023
AMC Entertainment, Cintas And These 2 Stocks Insiders Are Selling

The Nasdaq Composite recorded gains on Friday =. Investors, meanwhile, focused on some notable insider 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.

Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.



FirstCash Holdings

  • The Trade: FirstCash Holdings, Inc FCFS 10% owner AFF Services, Inc. sold a total of 115,102 shares at an average price of $89.76. The insider received around $10.33 million from selling those shares.
  • What’s Happening: Stephens & Co. recently upgraded FirstCash from Equal-Weight to Overweight and raised the price target from $105 to $120.
  • What FirstCash Holdings Does: FirstCash Holdings Inc, formerly FirstCash Inc Financial Services operates pawn stores in the United States and Latin America.

 

Read Next: Around $8 Million Bet On Zymeworks? Check Out These 3 Stocks Insiders Are Buying



Jabil

  • The Trade: Jabil Inc. JBL EVP, CFO Michael Dastoor sold a total of 57,791 shares at an average price of $74.44. The insider received around $4.3 million as a result of the transaction.
  • What’s Happening: The company, last month, posted upbeat quarterly earnings.
  • What Jabil Does: Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions.

Have a look at our premarket coverage here



AMC Entertainment

  • The Trade: AMC Entertainment Holdings, Inc. AMC EVP and CFO Sean Goodman sold a total of 80,750 shares at an average price of $4.68. The insider received around $377.75 thousand from selling those shares.
  • What’s Happening: AMC recently announced a $110 million equity capital raise.
  • What AMC Entertainment Does: AMC Entertainment Holdings Inc is involved in the theatrical exhibition business. It owns, operates or has interests in theatres located in the United States and Europe.

 

Cintas

  • The Trade: Cintas Corporation CTAS Executive Vice President & CAO Michael L. Thompson sold a total of 14,795 shares at an average price of $444.98. The insider received around $6.58 million from selling those shares.
  • What’s Happening: Cintas recently posted upbeat Q2 earnings.
  • What Cintas Does: In its core uniform and facility services unit (78% of sales), Cintas provides uniform rental programs to businesses across the size spectrum, mostly in North America.



Image and article originally from www.benzinga.com. Read the original article here.