GameStop, CrowdStrike And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at four companies, namely GameStop Corp. (GME), CrowdStrike Holdings, Inc. (CRWD), The Trade Desk, Inc. (TTD), and United Natural Foods, Inc. (UNFI), have recently sold shares. The reasons for these sales are not explicitly stated, but they could be due to preplanned sales or concerns about the companies' prospects. It's important to note that insider sales should not be the sole indicator for making investment decisions.
October 16, 2023 | 11:58 am
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NEGATIVE IMPACT
CrowdStrike's Director sold 5,000 shares. This follows the company's recent partnership with Amazon Web Services for a cybersecurity startup accelerator.
The sale of shares by an insider could indicate concerns about the company's prospects, despite the recent partnership announcement, potentially impacting the stock negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
GameStop's General Counsel and Secretary sold 11,966 shares. This comes as the company announced the election of Ryan Cohen as CEO.
The sale of shares by an insider, especially in the context of a new CEO appointment, could indicate uncertainty about the company's future direction, potentially impacting the stock negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Trade Desk's President and CEO sold 175,250 shares. The company's stock fell 6% over the past month.
The sale of a significant number of shares by the CEO, coupled with a recent drop in the stock price, could indicate concerns about the company's prospects, potentially impacting the stock negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
United Natural Foods' Director sold 16,061 shares. The company recently reported Q4 FY23 sales growth of 2% YoY, missing analyst consensus.
The sale of shares by an insider, in the context of missed sales growth consensus, could indicate concerns about the company's financial performance, potentially impacting the stock negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100