Intuit, Nordstrom And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Moderna, Inc. (MRNA), Patterson Companies, Inc. (PDCO), Intuit Inc. (INTU), and Nordstrom, Inc. (JWN) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overvaluation, they should not be the sole basis for investment decisions. Moderna announced positive data for its combination flu and Covid-19 vaccine, Patterson Companies reported Q1 net sales of $1.58 billion, Intuit reported Q4 EPS of $1.65 and sales of $2.71 billion, and Nordstrom reported Q2 earnings of 84 cents per share.

October 09, 2023 | 12:24 pm
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Intuit Director Raul Vazquez sold 1,938 shares at an average price of $516.52. The company reported Q4 EPS of $1.65 and sales of $2.71 billion.
Insider selling can sometimes indicate a lack of confidence in the company's prospects. However, the company's Q4 earnings and sales beat analyst consensus estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nordstrom President, Nordstrom Rack Gemma Lionello sold 32,916 shares at an average price of $14.36. The company reported Q2 earnings of 84 cents per share.
Insider selling can sometimes indicate a lack of confidence in the company's prospects. However, the company's Q2 earnings beat analyst consensus estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Moderna Director Noubar B. Afeyan sold 15,000 shares at an average price of $102.72. The company recently announced positive data for its combination flu and Covid-19 vaccine.
Insider selling can sometimes indicate a lack of confidence in the company's prospects. However, the positive vaccine data could offset this.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Patterson Companies President – Dental Timothy Rogan sold 9,260 shares at an average price of $29.75. The company reported Q1 net sales of $1.58 billion.
Insider selling can sometimes indicate a lack of confidence in the company's prospects. However, the company's Q1 sales were in line with consensus estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100