TJX, ON Semiconductor And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at TJX Companies, ON Semiconductor, Andersons, and CME Group have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. All four companies have reported positive financial results in their recent quarters.
August 22, 2023 | 12:12 pm
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NEGATIVE IMPACT
Andersons COO sold 26,452 shares. The company reported strong Q2 earnings.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Andersons reported strong earnings, which could mitigate this concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
CME Group Chairman and CEO sold 30,000 shares. The company reported better-than-expected Q2 results.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, CME Group reported strong results, which could mitigate this concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ON Semiconductor Director sold 3,624 shares. The company reported flat Q2 FY23 revenue growth YoY.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, ON Semiconductor reported stable revenue, which could mitigate this concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TJX Companies CEO and President sold 56,000 shares. The company reported Q2 FY24 sales growth of 8% YoY.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, TJX reported strong sales growth, which could mitigate this concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100