Snowflake, Commercial Metals And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Commercial Metals Company (CMC), Snowflake Inc. (SNOW), Quanex Building Products Corporation (NX), and PGT Innovations, Inc. (PGTI) have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. Each of these companies has had recent notable events, such as better-than-expected results or new partnerships.
July 05, 2023 | 12:31 pm
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NEGATIVE IMPACT
Commercial Metals Company's CEO sold 50,000 shares. The company recently reported better-than-expected Q3 results.
The CEO's sale of a significant number of shares could indicate a lack of confidence in the company's future, despite the positive Q3 results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Quanex Building Products Corporation's Director sold 25,000 shares. The company recently reported upbeat quarterly results.
The Director's sale of a significant number of shares could indicate a lack of confidence in the company's future, despite the positive quarterly results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PGT Innovations, Inc.'s Director sold 5,000 shares. The company recently acquired the remaining 25% ownership in Eco Enterprises LLC.
The Director's sale of shares could indicate a lack of confidence in the company's future, despite the recent acquisition.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Snowflake Inc.'s Director sold 500,000 shares. The company recently announced a partnership with NVIDIA.
The Director's sale of a large number of shares could indicate a lack of confidence in the company's future, despite the new partnership with NVIDIA.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100