BJ's Wholesale Club, Verint Systems And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders have recently sold shares in BJ's Wholesale Club, Verint Systems, Warby Parker, and Arcus Biosciences. BJ's Wholesale Club reported worse-than-expected Q1 sales results, while Verint Systems, Warby Parker, and Arcus Biosciences posted better-than-expected quarterly results or expanded partnerships.
June 27, 2023 | 11:58 am
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NEUTRAL IMPACT
Arcus Biosciences COO Jennifer Jarrett sold 12,437 shares at an average price of $19.12, after Gilead Sciences and Arcus Biosciences expanded their partnership to include research programs in inflammation.
Although Arcus Biosciences expanded its partnership with Gilead Sciences, the insider sale could be interpreted as a lack of confidence in the company's prospects or as a preplanned sale. The mixed signals make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Verint Systems Director Richard N Nottenburg sold 3,000 shares at an average price of $34.82, after the company posted better-than-expected quarterly results.
While Verint Systems posted better-than-expected quarterly results, the insider sale could be interpreted as a lack of confidence in the company's prospects or as a preplanned sale. The mixed signals make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Warby Parker 10% owner Durable Capital Partners LP sold 24,151 shares at an average price of $11.91, after the company posted upbeat Q1 earnings.
Despite Warby Parker's upbeat Q1 earnings, the insider sale could be interpreted as a lack of confidence in the company's prospects or as a preplanned sale. The mixed signals make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
BJ's Wholesale Club EVP, Chief Digital Officer Monica Schwartz sold 15,168 shares at an average price of $61.85, following worse-than-expected Q1 sales results.
The worse-than-expected Q1 sales results for BJ's Wholesale Club may negatively impact the stock price in the short term, as it indicates a potential slowdown in the company's growth. The insider sale could also be interpreted as a lack of confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100