Zoom Video, eBay And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Zoom Video Communications, The Trade Desk, eBay, and Boston Scientific 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 22, 2023 | 11:46 am
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NEUTRAL IMPACT
Boston Scientific EVP & Group Pres sold 15,867 shares at an average price of $55.00. CEO set the theme at the company's 2023 Investor Day event as 'next level'.
The insider sale could indicate a lack of confidence in the company's prospects, but the positive outlook from the CEO could balance this out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
eBay SVP, Chief People Officer sold 4,891 shares at an average price of $43.63. eBay launched a new consignment service.
The insider sale could indicate a lack of confidence in the company's prospects, but the launch of a new service could balance this out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The Trade Desk Director sold 2,999 shares at an average price of $79.20. William Blair analyst initiated coverage with an Outperform rating.
The insider sale could indicate a lack of confidence in the company's prospects, but the Outperform rating from William Blair analyst could balance this out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Zoom Video Communications COO sold 13,268 shares at an average price of $69.36. HSBC analyst initiated coverage with a Buy rating and a price target of $83.
While the insider sale could indicate a lack of confidence in the company's prospects, the Buy rating from HSBC analyst could balance this out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100