HP, Alphabet And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Alphabet, Snap, HP, and Delta Air Lines have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. Google Bard, Alphabet's conversational AI platform, plans to introduce new features to compete with rivals like Microsoft's Bing AI.
June 05, 2023 | 12:57 pm
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Delta Air Lines EVP & Chief People Officer Joanne D Smith sold 7,513 shares at an average price of $36.90, receiving around $277.23 thousand. Delta named Mike Spanos as Chief Operating Officer and the newest member of the Delta Leadership Committee, effective June 12.
The insider sale indicates potential concerns about Delta Air Lines' prospects or overpriced stock. The appointment of Mike Spanos as COO may have a positive impact on the company's operations, but the overall effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Alphabet director Ann Mather sold 9,540 shares at an average price of $125.33, receiving around $1.2 million. Google Bard plans to introduce new features to compete with rivals like Microsoft's Bing AI.
The insider sale indicates potential concerns about Alphabet's prospects or overpriced stock. The introduction of new features in Google Bard may help the company compete with rivals, but the impact of these features on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HP CFO Marie Myers sold 4,165 shares at an average price of $29.31, receiving around $122.08 thousand. HP reported mixed second-quarter financial results and issued guidance.
The insider sale indicates potential concerns about HP's prospects or overpriced stock. The mixed second-quarter financial results and issued guidance may have an uncertain impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Snap General Counsel Michael Osullivan sold 13,000 shares at an average price of $9.99, receiving around $129.87 thousand. Arete Research recently upgraded the stock from Neutral to Buy and announced a $12 price target.
The insider sale indicates potential concerns about Snap's prospects or overpriced stock. However, the recent upgrade from Arete Research may have a positive impact on the stock price, but the overall effect is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100