Verizon, S&P Global And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Robinhood Markets, S&P Global, Verizon Communications, and eBay have recently sold significant amounts of shares. Robinhood's Chief Creative Officer sold 81,548 shares, S&P Global's President of Market Intelligence sold 10,000 shares, Verizon's EVP & Chief HR Officer sold 12,557 shares, and eBay's SVP, Chief Product Officer sold 5,679 shares. The reasons for these sales are not clear, but they come amid mixed financial results for the companies.
August 16, 2023 | 12:11 pm
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NEGATIVE IMPACT
eBay's SVP, Chief Product Officer sold 5,679 shares following a 2% decline in Gross Merchandise Volume.
The sale of shares by an insider following a decline in key performance indicators could indicate a lack of confidence in the company's near-term prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Robinhood's Chief Creative Officer sold 81,548 shares despite the company reporting upbeat earnings and sales results for Q2.
The sale of a significant number of shares by an insider, especially when the company has reported positive financial results, could indicate a lack of confidence in the company's future prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
S&P Global's President of Market Intelligence sold 10,000 shares following the company's downbeat quarterly earnings.
The sale of shares by an insider following poor financial results could indicate a lack of confidence in the company's ability to recover in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Verizon's EVP & Chief HR Officer sold 12,557 shares as the company reported a sales decline of 3.5% YoY.
The sale of shares by an insider in the context of declining sales could indicate a lack of confidence in the company's near-term prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100