Workday, Alaska Air And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Willis Lease Finance, Workday, Alaska Air Group, and ON Semiconductor have recently sold shares, signaling potential concerns about the companies' prospects or stock overvaluation. These sales come after various company updates, such as better-than-expected quarterly results for Workday and first-quarter revenue growth for Alaska Air Group.
June 12, 2023 | 12:21 pm
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NEGATIVE IMPACT
Alaska Air Group CEO and President Benito Minicucci sold 5,000 shares at an average price of $48.73, after the company reported first-quarter FY23 operating revenue growth of 31% YoY to $2.196 billion.
The sale of shares by the CEO and President may indicate concerns about the company's prospects or stock overvaluation, despite reporting revenue growth. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
ON Semiconductor CEO and President Hassane Elkhoury sold 22,500 shares at an average price of $90.01, after Deutsche Bank maintained a Buy rating and raised the price target from $95 to $100.
The sale of shares by the CEO and President may indicate concerns about the company's prospects or stock overvaluation, despite Deutsche Bank's positive rating and price target increase. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Workday Director Christa Davies sold 33,333 shares at an average price of $213.21, after the company reported better-than-expected quarterly results.
The sale of shares by the Director may indicate concerns about the company's prospects or stock overvaluation, despite better-than-expected quarterly results. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Executive Chairman Charles F. Willis IV sold 5,000 shares of Willis Lease Finance at an average price of $41.99, following the company's report on aircraft base maintenance approvals.
The sale of shares by the Executive Chairman may indicate concerns about the company's prospects or stock overvaluation. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100