Apple, Amazon And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), CrowdStrike Holdings, Inc. (CRWD), and Jabil Inc. (JBL) have recently sold shares. The reasons for these sales could range from preplanned transactions to concerns about the company's prospects or the belief that the stock is overpriced. However, insider sales should not be the sole indicator for investment or trading decisions.
October 11, 2023 | 12:01 pm
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Apple COO Jeffrey E Williams and CFO Luca Maestri sold a total of 136,480 shares. Barclays analyst Tim Long reiterated Apple with an Equal-Weight and maintained a $167 price target.
Insider selling could indicate a lack of confidence in the company's short-term prospects, potentially leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Amazon CEO Amazon Web Services Adam Selipsky sold 1,000 shares. Telsey Advisory Group analyst Joseph Feldman reiterated Amazon.com with an Outperform and maintained a $160 price target.
Insider selling could indicate a lack of confidence in the company's short-term prospects, potentially leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
CrowdStrike Director Roxanne Austin sold 15,000 shares. The company recently announced a partnership with Amazon Web Services (AWS) for a cybersecurity startup accelerator.
Insider selling could indicate a lack of confidence in the company's short-term prospects, potentially leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Jabil Director Steven Raymund sold 30,000 shares. The company reported mixed fourth-quarter results and issued strong first-quarter earnings guidance.
Insider selling could indicate a lack of confidence in the company's short-term prospects, potentially leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100