Amazon, Marriott And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Amazon, Marriott, Moderna, and J.M. Smucker have recently sold shares, signaling potential concerns about the companies' prospects or overpriced stocks. Amazon postponed its virtual care services unveiling due to privacy concerns, while Marriott plans to expand in the affordable midscale lodging segment.
June 26, 2023 | 12:21 pm
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POSITIVE IMPACT
Marriott International plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America.
Marriott's expansion plans in the affordable midscale lodging segment could attract more investors and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Moderna submitted an application to the U.S. Food and Drug Administration for the authorization of its updated vaccine.
Moderna's application for updated vaccine authorization could lead to increased investor interest and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
J.M. Smucker reported fourth-quarter FY23 sales growth of 10% year-on-year to $2.23 billion, beating the analyst consensus estimate of $2.17 billion.
J.M. Smucker's better-than-expected sales growth could lead to increased investor interest and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Amazon postponed the unveiling of its virtual care services across all 50 states due to privacy concerns raised by Senators Peter Welch and Elizabeth Warren.
The postponement of Amazon's virtual care services unveiling may cause uncertainty among investors and could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100