Alphabet, VeriSign And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Alphabet, VeriSign, Qorvo, and Stifel Financial have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. This may present an opportunity to go short on these stocks.
May 19, 2023 | 12:50 pm
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Alphabet Director K. Ram Shriram sold 150,000 shares at an average price of $120.01, receiving around $18 million.
Insider selling can indicate concerns about a company's prospects or overpriced stocks. In this case, Alphabet Director K. Ram Shriram sold a significant number of shares, which may suggest potential concerns about the company's future performance or stock valuation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Qorvo CEO & President Robert Bruggeworth sold 17,063 shares at an average price of $90.73, receiving around $1.55 million.
Insider selling can indicate concerns about a company's prospects or overpriced stocks. In this case, Qorvo CEO & President Robert Bruggeworth sold a significant number of shares, which may suggest potential concerns about the company's future performance or stock valuation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Stifel Financial Senior Vice President Thomas Michaud sold 59,036 shares at an average price of $58.55, receiving around $3.46 million.
Insider selling can indicate concerns about a company's prospects or overpriced stocks. In this case, Stifel Financial Senior Vice President Thomas Michaud sold a significant number of shares, which may suggest potential concerns about the company's future performance or stock valuation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VeriSign Exec. Chairman and CEO D. James Bidzos sold 9,000 shares at an average price of $224.57, receiving around $2.02 million.
Insider selling can indicate concerns about a company's prospects or overpriced stocks. In this case, VeriSign Exec. Chairman and CEO D. James Bidzos sold a significant number of shares, which may suggest potential concerns about the company's future performance or stock valuation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100