Airbnb, Hewlett Packard Enterprise And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Airbnb, Hewlett Packard Enterprise, Arthur J. Gallagher, and Owens & Minor have recently sold shares, signaling potential concerns about the companies' prospects or stock valuations. These sales could present opportunities to short the stocks, but should not be the sole basis for investment decisions.
June 21, 2023 | 11:37 am
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NEGATIVE IMPACT
Airbnb director Joseph Gebbia sold 166,667 shares at an average price of $125.38, receiving around $20.09 million. Needham reiterated Airbnb with a Buy and maintained a $150 price target.
The sale of a significant number of shares by an insider could indicate concerns about the company's prospects or stock valuation. However, Needham's Buy rating and maintained price target suggest that the stock may still have potential upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Arthur J. Gallagher director David Johnson sold 1,000 shares at an average price of $216.40, receiving around $216.4 thousand. Raymond James maintained Arthur J. Gallagher with a Strong Buy and raised the price target from $240 to $245.
The sale of shares by an insider could indicate concerns about the company's prospects or stock valuation. However, Raymond James' Strong Buy rating and increased price target suggest that the stock may still have potential upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hewlett Packard Enterprise SVP Controller and CTO Jeremy Cox sold 9,161 shares at an average price of $17.00, receiving around $155.74 thousand. HPE expanded its relationship with AWS to simplify hybrid cloud transformation for enterprises.
The sale of shares by an insider could indicate concerns about the company's prospects or stock valuation. However, the expanded relationship with AWS may provide growth opportunities for HPE in the hybrid cloud market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Owens & Minor President and CEO Edward A Pesicka sold 77,560 shares at an average price of $19.26, receiving around $1.49 million. Owens & Minor reported higher year-over-year first-quarter sales results.
The sale of a significant number of shares by the CEO could indicate concerns about the company's prospects or stock valuation. However, the higher year-over-year first-quarter sales results suggest that the company may still be performing well.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100