HP, Trade Desk And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at HP Inc. (HPQ), The Trade Desk, Inc. (TTD), Blackstone Inc. (BX), and FirstCash Holdings, Inc. (FCFS) have recently sold significant amounts of shares. This could indicate a lack of confidence in the companies' prospects or a belief that the stocks are overpriced. However, insider sales should not be the sole indicator for investment decisions.
October 03, 2023 | 12:07 pm
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NEGATIVE IMPACT
HP Inc.'s 10% owner Warren E Buffett sold 5,125,638 shares at an average price of $25.76. The company reported in-line earnings for Q3 but lowered its full-year forecast.
The sale of a significant number of shares by a major owner, coupled with a lowered earnings forecast, could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Blackstone Inc.'s Director Joseph Baratta sold 74,565 shares at an average price of $107.32. The company recently entered into a $430 million strategic financing collaboration with Amicus Therapeutics.
The sale of shares by a director could be a negative signal, but the recent strategic financing collaboration could have a positive impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
FirstCash Holdings, Inc.'s 10% owner Douglas R. Rippel Revocable Trust sold 81,239 shares at an average price of $100.39. The company recently posted better-than-expected Q2 results.
The sale of shares by a major owner could be seen as a negative signal, but the company's better-than-expected Q2 results may balance out the impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
The Trade Desk's President and CEO Jeffrey Terry Green sold 225,000 shares at an average price of $78.02. UBS analyst recently initiated coverage on Trade Desk with a Buy rating.
While the CEO's sale of shares could be seen as a negative signal, the recent Buy rating from a UBS analyst may balance out the impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100