Palo Alto Networks, State Street And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Palo Alto Networks, State Street, Textron, and Buckle 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. Each of these companies has recently reported positive financial news, such as better-than-expected earnings or raised financial outlooks.
August 24, 2023 | 12:09 pm
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NEUTRAL IMPACT
Buckle's SVP Leasing sold 15,000 shares at an average price of $37.89. The company recently reported a Q2 FY23 sales decrease of 3.2% YoY to $292.43 million, beating analyst consensus.
The insider sale could be seen as a negative signal, but the company's better-than-expected sales could offset this. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Palo Alto Networks director sold 7,482 shares at an average price of $237.00. The company recently announced Q1 and full-year EPS guidance above analyst estimates.
While the insider sale could be seen as a negative signal, the company's positive EPS guidance could offset this. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
State Street's Vice Chairman and CFO sold 11,886 shares at an average price of $67.13. The company recently reported better-than-expected Q2 earnings.
The insider sale could be seen as a negative signal, but the company's strong Q2 earnings could offset this. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Textron's director sold 5,000 shares at an average price of $75.33. The company recently reported strong Q2 results and raised its financial outlook.
The insider sale could be seen as a negative signal, but the company's strong Q2 results and raised financial outlook could offset this. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100