The Nasdaq 100 closed higher by more than 50 points on Monday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. 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.

Broadcom

The Trade: Broadcom Inc. ( AVGO ) President and CEO Hock E Tan sold a total of 7,502 shares at an average price of $1,705.95. The insider received around $12.8 million from selling those shares.

What's Happening: Broadcom ( AVGO ) announced in June that it would be splitting its stock on a 10-for-1 basis to make ownership more accessible for investors and employees.

What Broadcom Does: Broadcom ( AVGO ) is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue.

Benzinga Pro's real-time newsfeed alerted to latest AVGO’s news.

Costco Wholesale

The Trade: Costco Wholesale Corporation ( COST ) Daniel M. Hines sold a total of 3,000 shares at an average price of $846.37. The insider received around $2.54 million from selling those shares.

What's Happening: On July 10, Costco reported sales results for June and announced a membership fee increase.

What Costco Wholesale Does: Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices.

Benzinga Pro's charting tool helped identify the trend in COST’s stock.

Amazon.com

The Trade: Amazon.com, Inc. ( AMZN ) Executive Chair Jeffrey P Bezos sold a total of 403,974 shares at an average price of $200.03. The insider received around $80.8 million from selling those shares.

What's Happening: Amazon.com ( AMZN ) showcased its generative AI (GenAI) prowess at the AWS NYC Summit last Wednesday, captivating attendees.

What Amazon Does: Amazon ( AMZN ) is the leading online retailer and marketplace for third party sellers.

Benzinga Pro's signals feature notified of a potential breakout in AMZN shares.

Lam Research

The Trade: Lam Research Corporation ( LRCX ) Senior Vice President Neil J Fernandes sold a total of 1,620 shares at an average price of $1,056.99. The insider received around $1.7  million from selling those shares.

What's Happening: Lam Research ( LRCX ) is scheduled to host its quarterly financial conference call and webcast on Wednesday, July 31.

What Lam Research Does: Lam Research ( LRCX ) is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world.

Benzinga Pro's earnings calendar was used to track LRCX upcoming earnings report.

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