The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says…

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. Vulcan Materials The Trade: Vu

Fossil and Michael Kors announce wrist devices with better battery, more health features — but no Wear OS 3 until next year.

Yahoo Finance’s Brian Sozzi breaks down fitness wearable startup Whoop’s latest valuation following a major investment by Softbank.

After market close on Wednesday, we got another progress report from specialty retailer Fossil Group , courtesy of the company’s second-quarter earnings release. Although that comparable period was a full “COVID” quarter — a fairly easy comp — there were several positives here for the former high-flying retailer, whose shares traded once traded above $130 per share, and closed Thursday at $13.98, up 9%. The high-margin jewelry category was strong, up “triple digits” for the quarter, although it accounts for about 10% of company sales.