AMD, Micron And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at AMD, Micron, Urban Outfitters, and Deere & Company have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. These sales could present an opportunity to go short on the stocks.
May 31, 2023 | 1:17 pm
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NEGATIVE IMPACT
AMD EVP & GM DESG Forrest Eugene Norrod sold 25,000 shares at an average price of $119.35, receiving around $2.98 million.
Insider selling can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 25,000 shares by AMD's EVP & GM DESG could signal that the stock is overpriced, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Deere & Company Pres Ag & Turf, Sml Ag & Turf Markwart Pentz von sold 7,110 shares at an average price of $356.69, receiving around $2.54 million.
Insider selling can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 7,110 shares by Deere & Company's Pres Ag & Turf, Sml Ag & Turf could signal that the stock is overpriced, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Micron Technology EVP Scott Deboer sold 20,000 shares at an average price of $70.00, receiving around $1.4 million.
Insider selling can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 20,000 shares by Micron's EVP could signal that the stock is overpriced, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Urban Outfitters CFO Melanie Marein-Efron sold 16,036 shares at an average price of $31.24, receiving around $500.92 thousand.
Insider selling can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 16,036 shares by Urban Outfitters' CFO could signal that the stock is overpriced, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100