Marvell, Seagate And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Royal Caribbean Cruises (RCL), Seagate Technology (STX), Marvell Technology (MRVL), and Zoom Video Communications (ZM) have recently sold shares, signaling potential concerns about the companies' prospects or stock valuations.
May 30, 2023 | 1:04 pm
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EVP, Chief Operations Officer Chris Koopmans sold 8,000 shares of Marvell Technology at an average price of $48.96, receiving around $391.68 thousand. EVP, Storage Products Group Dan Christman also sold 53,732 shares.
Insider sales can indicate concerns about a company's prospects or stock valuation. In this case, the sale of a significant number of shares by two executives may suggest a negative outlook for MRVL in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Director Arne Alexander Wilhelmsen sold 318,325 shares of Royal Caribbean Cruises at an average price of $77.97, receiving around $24.82 million.
Insider sales can indicate concerns about a company's prospects or stock valuation. In this case, the sale of a significant number of shares by a director may suggest a negative outlook for RCL in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SVP, CLO & Corporate Secretary Katherine Schuelke sold 3,487 shares of Seagate Technology at an average price of $62.09, receiving around $216.51 thousand.
Insider sales can indicate concerns about a company's prospects or stock valuation. In this case, the sale of a moderate number of shares by an executive may suggest a negative outlook for STX in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Chief Operating Officer Aparna Bawa sold 7,000 shares of Zoom Video Communications at an average price of $63.52, receiving around $444.62 thousand.
Insider sales can indicate concerns about a company's prospects or stock valuation. In this case, the sale of a moderate number of shares by an executive may suggest a negative outlook for ZM in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100