Walmart, Verizon And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Walmart, Verizon, F5, and C3.ai have recently sold shares, signaling potential concerns about the companies' prospects or stock valuations. Walmart reported strong sales growth, while Verizon's sales declined. F5 is reducing its workforce, and C3.ai reported strong preliminary financial results.
May 26, 2023 | 12:51 pm
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NEGATIVE IMPACT
F5 Director Michael Dreyer sold 2,750 shares at an average price of $143.19. The company is reducing its workforce by approximately 9%.
The insider sale and the announcement of workforce reduction could negatively impact F5's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Verizon EVP Joseph J Russo sold 7,585 shares at an average price of $36.30. The company reported a sales decline in Q1 FY23.
The insider sale, combined with the reported sales decline in Q1 FY23, could negatively impact Verizon's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
C3.ai Director Richard Levin sold 24,000 shares at an average price of $30.26. The company recently reported strong preliminary financial results.
While the insider sale may signal concerns about the stock's valuation, C3.ai's strong preliminary financial results could offset any negative impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Walmart EVP Daniel Bartlett sold 6,600 shares at an average price of $147.78. The company reported strong sales growth in Q1 FY24.
Although the insider sale may signal concerns about the stock's valuation, Walmart's strong sales growth in Q1 FY24 could offset any negative impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100