Domino's Pizza, U.S. Bancorp And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Domino's Pizza, MGM Resorts International, Mattel, and U.S. Bancorp have recently sold significant amounts of shares. While insider selling can sometimes indicate concern about a company's prospects, it can also be part of a preplanned sale. Domino's Pizza, MGM Resorts, and Mattel have all reported positive recent developments, while U.S. Bancorp has announced a debt/equity conversion with Mitsubishi UFJ Financial.
August 11, 2023 | 12:17 pm
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NEUTRAL IMPACT
Director Andrew Balson sold 12,638 shares of Domino's Pizza. The company recently reported better-than-expected Q2 earnings.
While the insider sale could indicate concern about the company's prospects, the recent positive earnings report suggests that the company is performing well.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Director Richard Todd Bradley sold 12,601 shares of Mattel. The company recently expanded its Barbie The Movie product collection.
The insider sale could be a cause for concern, but the company's recent product expansion suggests that it is actively working to increase its revenue.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
COO Ian Corey Sanders sold 25,000 shares of MGM Resorts. The company reported a 21% YoY increase in Q2 revenue.
Despite the insider sale, the company's strong Q2 revenue growth suggests that it is in a good financial position.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Vice Chair and CFO Terrance R Dolan sold 26,000 shares of U.S. Bancorp. The company recently announced a debt/equity conversion with Mitsubishi UFJ Financial.
While the insider sale could be a sign of concern, the recent debt/equity conversion announcement suggests that the company is taking steps to improve its financial position.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100