Have a look at our premarket coverage here. What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.What’s Happening: Keybanc recently initiated coverage on Dropbox with an Overweight rating and announced a price target of $30.The insider received around $300.94 thousand as a result of the transaction. (NASDAQ: DBX) President Timothy Young sold a total of 15,000 shares at an average price of $20.06. What Chipotle Does: Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $7.5 billion in 2021.Īlso check this: Why Fear Level Among US Investors Is Increasing Dropbox.recently initiated coverage on Chipotle Mexican Grill with an Overweight rating and announced a price target of $1,900. The insider received around $3.25 million from selling those shares. (NYSE: CMG) Chief Legal Officer Roger Theodoredis sold a total of 2,318 shares at an average price of $1,402.57. The Trade: Chipotle Mexican Grill, Inc.For more, check out Benzinga's insider transactions platform. At best, it can lend conviction to a selling decision.īelow is a look at a few recent notable insider sales. Insider sales should not be taken as the only indicator for making an investment or trading decision. Either way, this signals an opportunity to go short on the stock. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Investors, meanwhile, focused on some notable insider trades. US stock futures traded mixed this morning on Wednesday.
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