Tesla, Nvidia And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Tesla, Nvidia, United Airlines, and Salesforce have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. These sales could indicate an opportunity to go short on the stocks.
June 20, 2023 | 11:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Salesforce Chair and CEO Marc Benioff sold 500,000 shares at an average price of $209.14, receiving around $104.57 million. Oppenheimer reiterated an Outperform rating on Salesforce shares with a price target of $235.
Insider sales can signal concerns about a company's prospects or overpriced stocks. Despite Oppenheimer's positive rating, the insider sale may indicate potential concerns about Salesforce's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nvidia Director Tench Coxe sold 50,000 shares at an average price of $422.15, receiving around $21.11 million. Morgan Stanley raised its price target on the stock from $450 to $500.
Insider sales can signal concerns about a company's prospects or overpriced stocks. Despite Morgan Stanley raising its price target, the insider sale may indicate potential concerns about Nvidia's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Tesla EVP Xiaotong Zhu sold 2,500 shares at an average price of $260, receiving around $650,000. Tesla recently offered discounts on new inventory Model S and X vehicles.
Insider sales can signal concerns about a company's prospects or overpriced stocks. Tesla's recent discounts on new inventory may also indicate a push to boost sales, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
United Airlines EVP & Chief Growth Officer Gregory L Hart sold 12,000 shares at an average price of $52.26, receiving around $627,120. United Airlines is reportedly offering pilots a contract with an incremental value above $8 billion over four years.
Insider sales can signal concerns about a company's prospects or overpriced stocks. United Airlines' pilot contract offer may indicate increased expenses, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100