Microsoft, Pinterest And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Microsoft, Pinterest, Opendoor Technologies, and Genpact have recently sold shares, signaling potential concerns about the companies' prospects or stock valuations. This comes as the S&P 500 closed lower on Monday.
June 06, 2023 | 12:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Genpact Senior VP and CHRO Piyush Mehta sold 70,553 shares at an average price of $37.08. The company posted upbeat quarterly earnings.
The insider sale may indicate concerns about the company's prospects or stock valuation, even with the upbeat quarterly earnings. Investors should consider this insider sale as a potential warning sign.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Microsoft director Teri List sold 1,280 shares at an average price of $334.77. Evercore ISI Group recently maintained Microsoft with an Outperform and raised the price target from $337 to $400.
The insider sale may indicate concerns about the company's prospects or stock valuation. However, Evercore ISI Group's positive rating and raised price target could counterbalance the negative impact of the insider sale.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Opendoor Technologies director Chungwei Eric Wu sold 4,500,000 shares at an average price of $2.50. The company reported better-than-expected Q1 adjusted EPS and sales results.
The insider sale may indicate concerns about the company's prospects or stock valuation, despite the better-than-expected Q1 results. Investors should consider this insider sale as a potential warning sign.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Pinterest director Jeffrey Jordan sold 5,000 shares at an average price of $23.74. The company recently named Julia Brau as CFO.
The insider sale may indicate concerns about the company's prospects or stock valuation. The recent appointment of a new CFO could bring changes to the company's financial strategy, but the insider sale still signals potential concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75