Tesla Insider Trade Alert: CFO Zachary Kirkhorn Sold $1M Of Company Stock Ahead Of Q2 Print
Portfolio Pulse from Shanthi Rexaline
Tesla's CFO, Zachary Kirkhorn, sold $1M worth of company stock ahead of Q2 results. This is part of a series of sales he has made over the past three months, totaling $4.076M. The sales were made in accordance with the 10b5-1 rule of the SEC. Tesla's stock fell 0.73% in premarket trading.
July 06, 2023 | 11:39 am
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Tesla's CFO has sold a significant amount of company stock ahead of Q2 results, which could indicate a lack of confidence in the upcoming earnings report. This has the potential to negatively impact Tesla's stock price.
Insider trading, especially by high-ranking executives, can often be seen as a signal of the company's future prospects. In this case, the CFO's sale of a significant amount of stock ahead of the Q2 earnings report could be interpreted as a lack of confidence in the company's performance, which could negatively impact investor sentiment and the stock price.
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