NVIDIA, Target And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at MGM Resorts International, Target Corporation, NVIDIA Corporation, and Owens Corning have recently sold shares, signaling potential concern in the companies' prospects or overpriced stocks. MGM reported a 36% YoY increase in Q1 revenue, while Target posted better-than-expected Q1 financial results. NVIDIA maintained a Neutral rating with a raised price target, and Owens Corning's Q1 net sales slightly decreased but beat consensus.
May 23, 2023 | 11:47 am
News sentiment analysis
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NEGATIVE IMPACT
MGM Resorts International's director sold 2,350 shares at an average price of $42.63. The company reported a 36% YoY increase in Q1 revenue.
Insider selling indicates potential concern in the company's prospects or overpriced stock. MGM's 36% YoY increase in Q1 revenue may not be enough to offset this concern, leading to a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA Corporation's EVP of Operations sold 23,084 shares at an average price of $305.00. Wedbush maintained a Neutral rating and raised the price target from $216 to $290.
The insider selling at NVIDIA may indicate concern in the company's prospects or overpriced stock, even with a raised price target from Wedbush. This could result in a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Owens Corning's EVP and Chief HR Officer sold 2,000 shares at an average price of $110.00. The company's Q1 net sales slightly decreased but beat consensus.
Insider selling at Owens Corning may signal concern in the company's prospects or overpriced stock, despite Q1 net sales beating consensus. This could lead to a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Target Corporation's Chief Accounting Officer sold 1,459 shares at an average price of $160.75. The company reported better-than-expected Q1 financial results.
The insider selling at Target may signal concern in the company's prospects or overpriced stock, despite better-than-expected Q1 financial results. This could lead to a negative short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100