Nike, MGM Resorts And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Zscaler, MGM Resorts, Nike, and Kirby have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. Zscaler and Kirby reported better-than-expected financial results, while MGM Resorts saw a 36% YoY increase in Q1 revenue. Nike has partnered with EA Sports for NFT integration in upcoming games.
June 08, 2023 | 12:59 pm
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NEGATIVE IMPACT
Kirby's VP General Counsel & Secretary sold 3,000 shares at $74.47 each, despite the company reporting better-than-expected Q1 EPS and sales results.
The sale of shares by Kirby's VP General Counsel & Secretary may indicate concerns about the company's prospects or overvaluation. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
MGM Resorts' Chief Legal Admin sold 10,000 shares at $41.31 each, despite the company reporting a 36% YoY increase in Q1 revenue.
The sale of shares by MGM Resorts' Chief Legal Admin may indicate concerns about the company's prospects or overvaluation. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Nike's EVP and CFO sold 9,210 shares at $107.50 each, despite the company's recent partnership with EA Sports for NFT integration in upcoming games.
The sale of shares by Nike's EVP and CFO may indicate concerns about the company's prospects or overvaluation. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Zscaler's Chief Legal Officer sold 2,496 shares at $150 each, despite the company reporting better-than-expected Q3 results.
The sale of shares by Zscaler's Chief Legal Officer may indicate concerns about the company's prospects or overvaluation. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100