CarMax, Walmart And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Moderna, Inc. (MRNA), DoorDash, Inc. (DASH), CarMax, Inc. (KMX), and Walmart Inc. (WMT) have recently sold shares. Moderna submitted a regulatory application to the European Medicines Agency for an updated COVID-19 vaccine. DoorDash is offering more choices for consumers and Dashers at roughly the same cost. CarMax reported better-than-expected Q1 EPS and sales results. Real Good Food Company is expanding its Breaded Chicken and Asian Entrees platforms into Walmart stores nationwide.
July 03, 2023 | 12:16 pm
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NEUTRAL IMPACT
DoorDash's director sold 1,779 shares. The company is offering more choices for consumers and Dashers at roughly the same cost.
The insider sale could suggest some concern about the company's prospects. However, the company's move to offer more choices could potentially boost its business. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
CarMax's EVP, General Counsel & CHRO sold 1,706 shares. The company reported better-than-expected Q1 EPS and sales results.
The insider sale could indicate some concern about the company's prospects. However, the strong Q1 results are a positive sign. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Moderna's director sold 15,000 shares. The company submitted a regulatory application for an updated COVID-19 vaccine.
While the insider sale could indicate a lack of confidence in the company's prospects, the submission of a regulatory application for an updated COVID-19 vaccine is a positive development. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Walmart's Executive Vice President sold 4,375 shares. Real Good Food Company is expanding its Breaded Chicken and Asian Entrees platforms into Walmart stores nationwide.
The insider sale could suggest some concern about the company's prospects. However, the expansion of Real Good Food Company's product range in Walmart stores could potentially boost sales. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100