U.S. Markets open in 6 hrs 9 mins
  • S&P Futures

    +39.00 (+0.85%)
  • Dow Futures

    +172.00 (+0.50%)
  • Nasdaq Futures

    +189.25 (+1.17%)
  • Russell 2000 Futures

    +28.50 (+1.30%)
  • Gold

    +7.50 (+0.42%)
  • Silver

    +0.22 (+0.94%)

    -0.0004 (-0.0340%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Vix

    +10.08 (+58.91%)

    +0.0004 (+0.0293%)

    +0.2230 (+0.1970%)

    +890.47 (+1.57%)
  • CMC Crypto 200

    +10.51 (+0.72%)
  • FTSE 100

    +71.45 (+1.01%)
  • Nikkei 225

    +113.86 (+0.41%)

Nu Skin Enterprises Insider Trades $130K In Company Stock

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Jeffrey Bettinger, SVP And People Places Officer at Nu Skin Enterprises (NYSE:NUS), made a large insider sell on October 5, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Bettinger sold 3,123 shares of Nu Skin Enterprises at prices ranging from $41.10 to $41.48. The total transaction amounted to $128,925.

Following the transaction, Bettinger still owns 16,068 shares of Nu Skin Enterprises worth $648,343.

Nu Skin Enterprises shares are trading down 1.82% at $40.35 at the time of this writing on Wednesday morning.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Why Insider Transactions Are Important

Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Important Transaction Codes

Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Nu Skin Enterprises's Insider Trades.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.