The Nasdaq 100 closed lower by around 0.4% during Tuesday's session. 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.

NVIDIA

The Trade: NVIDIA Corporation ( NVDA ) President and CEO Jen Hsun Huang sold a total of 240,000 shares at an average price of $120.65. The insider received around $29 million from selling those shares.

What's Happening: On July 22, Piper Sandler analyst Harsh Kumar maintained NVIDIA ( NVDA ) with an Overweight and raised the price target from $120 to $140.

What NVIDIA Does: Nvidia ( NVDA ) is a leading developer of graphics processing units.

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

Crown Holdings

The Trade: Crown Holdings, Inc. ( CCK ) President and CEO Timothy J Donahue sold a total of 15,000 shares at an average price of $85.03. The insider received around $1.28 million from selling those shares.

What's Happening: On July 22, Crown Holdings ( CCK ) reported better-than-expected second-quarter adjusted EPS results and raised its FY24 EPS guidance above estimates.

What Crown Holdings Does: Crown Holdings ( CCK ) is one of the world’s largest producers of metal packaging.

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

Accenture

The Trade: Accenture plc ( ACN ) General Counsel/Corp Secretary Joel Unruch sold a total of 8,145 shares at an average price of $331.05. The insider received around $2.7 million from selling those shares.

What's Happening: On July 22, Accenture ( ACN ) agreed to acquire Camelot Management Consultants.

What Accenture Does: Accenture ( ACN ) is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.

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

McDonald’s

The Trade: McDonald’s Corporation President, McDonald’s USA Joseph M. Erlinger sold a total of 1,099 shares at an average price of $260.00. The insider received around $285,740 from selling those shares.

What's Happening: On July 22, Stifel analyst Chris O’Cull maintained McDonald’s with a Hold and lowered the price target from $285 to $265.

What McDonald’s Does: McDonald’s is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets.

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

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