HP, Micron Technology And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Micron Technology, HP, Ralph Lauren, and NetApp have recently sold shares. While insider sales can indicate concern about a company's prospects or overpricing, they should not be the sole basis for investment decisions. Micron Technology's Chief Accounting Officer sold 13,687 shares, HP's Director sold 6,659 shares, Ralph Lauren's CEO sold 9,272 shares, and NetApp's CEO sold 4,500 shares.
July 13, 2023 | 12:38 pm
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NEUTRAL IMPACT
HP's Director sold 6,659 shares. Citigroup recently initiated coverage on HP with a Neutral rating and a price target of $32.
The insider sale could suggest concern about HP's prospects. However, Citigroup's Neutral rating indicates a balanced outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Micron Technology's Chief Accounting Officer sold 13,687 shares. Citigroup recently reiterated Micron with a Buy and maintained a $75 price target.
While the insider sale could indicate concern about the company's prospects, Citigroup's maintained Buy rating and price target suggest a positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
NetApp's CEO sold 4,500 shares. The company recently announced the renewal of its strategic alliance and co-engineering partnership with DreamWorks Animation.
The insider sale at NetApp could suggest concern, but the renewed partnership with DreamWorks Animation may have a positive impact on the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ralph Lauren's CEO sold 9,272 shares. The company recently reported better-than-expected Q4 financial results.
Despite the insider sale, Ralph Lauren's strong Q4 results could indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100