Teva Pharmaceutical, Marathon Oil And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Schlumberger Limited (SLB), The Kraft Heinz Company (KHC), Teva Pharmaceutical Industries Limited (TEVA), and Marathon Oil Corporation (MRO) have recently sold shares. This could indicate concern in the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment or trading decisions.
August 10, 2023 | 11:41 am
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NEGATIVE IMPACT
Kraft Heinz EVP Rashida Lande la sold 16,453 shares at an average price of $35.07. The company reported better-than-expected Q2 earnings but missed sales estimates.
Insider selling combined with missed sales estimates could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Marathon Oil VP Rob L White sold 8,000 shares at an average price of $26.24. The company posted in-line earnings for Q2.
Insider selling could indicate a lack of confidence in the company's future prospects, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Schlumberger VP and Treasurer Kevin Fyfe sold 7,716 shares at an average price of $59.35. The company recently reported mixed Q2 results.
Insider selling could indicate a lack of confidence in the company's future prospects, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Teva Pharmaceutical CFO Eliyahusharon Kalif sold 35,125 shares at an average price of $9.73. The company's Q2 sales slightly beat consensus.
Despite slightly beating sales consensus, insider selling could indicate potential concerns, possibly leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100