HP, Pinterest And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Zscaler, Inc. (ZS), Ciena Corporation (CIEN), Pinterest, Inc. (PINS), and HP Inc. (HPQ) have recently sold shares. Zscaler's COO sold 22,000 shares, Ciena's CEO sold 4,166 shares, Pinterest's Director sold 7,500 shares, and HP's CFO sold 4,165 shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects.
September 06, 2023 | 12:19 pm
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NEGATIVE IMPACT
Ciena's CEO sold 4,166 shares. The company recently reported upbeat Q3 results.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Ciena recently reported positive Q3 results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HP's CFO sold 4,165 shares. The company recently issued FY23 adjusted EPS guidance below estimates.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. In this case, HP recently issued FY23 adjusted EPS guidance below estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Pinterest's Director sold 7,500 shares. The company recently posted upbeat Q2 earnings and sales results.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Pinterest recently reported strong Q2 earnings and sales results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Zscaler's COO sold 22,000 shares. The company recently reported a 43% YoY increase in Q4 revenue.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Zscaler recently reported strong Q4 revenue growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100