Workday, Southern Company And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Guess?, Inc. (GES), Workday, Inc. (WDAY), The Southern Company (SO), and H&R Block, Inc. (HRB) have recently sold shares. This could indicate concern in the company’s prospects or that they view the stock as overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.
September 13, 2023 | 12:39 pm
News sentiment analysis
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NEGATIVE IMPACT
CEO, Southern Nuclear Stephen E Kuczynski sold 5,000 shares at an average price of $67.83. Southern reported a second-quarter FY23 operating revenue decline of 20.3% year-over-year.
The sale of shares by the CEO, combined with the reported decline in operating revenue, could indicate a lack of confidence in the company's prospects and potentially negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Director Deborah Weinswig sold 6,896 shares at an average price of $23.03. B. Riley Securities initiated coverage on Guess with a Buy rating and a price target of $31.
The sale of shares by an insider could indicate a lack of confidence in the company's prospects. However, the initiation of coverage by B. Riley Securities with a Buy rating could counteract this negative sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
VP & Chief Acct Officer Kellie Logerwell sold 8,000 shares at an average price of $39.61. H & R Block issued upbeat second-quarter earnings and hiked its dividend by 10%.
The sale of shares by an insider could indicate a lack of confidence in the company's prospects. However, the upbeat earnings report and dividend hike could counteract this negative sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Director George Still Jr sold 5,000 shares at an average price of $251.00. Accenture and Workday expanded partnership to help organizations accelerate finance transformation.
The sale of shares by an insider could indicate a lack of confidence in the company's prospects. However, the expansion of the partnership with Accenture could counteract this negative sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100