NVIDIA, Johnson & Johnson And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Robinhood Markets, Snap, NVIDIA, and Johnson & Johnson have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. This may present an opportunity to go short on these stocks.
June 15, 2023 | 12:21 pm
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NEGATIVE IMPACT
Robinhood's Chief Creative Officer Baiju Bhatt sold 92,987 shares at an average price of $9.33, receiving around $867.83 thousand.
Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 92,987 shares by Robinhood's Chief Creative Officer may signal potential concerns about the company's prospects or an overpriced stock, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Johnson & Johnson's EVP, Chief TO and Risk Officer Kathryn E Wengel sold 12,465 shares at an average price of $160.00, receiving around $1.99 million.
Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 12,465 shares by Johnson & Johnson's EVP, Chief TO and Risk Officer may signal potential concerns about the company's prospects or an overpriced stock, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA's Director Harvey C Jones sold 119,795 shares at an average price of $403.17, receiving around $48.3 million.
Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 119,795 shares by NVIDIA's Director may signal potential concerns about the company's prospects or an overpriced stock, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Snap's Chief Technology Officer Robert Murphy sold 1,297,027 shares at an average price of $10.08, receiving around $10.08 million.
Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. In this case, the sale of 1,297,027 shares by Snap's Chief Technology Officer may signal potential concerns about the company's prospects or an overpriced stock, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100