Citigroup, Interactive Brokers And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Citigroup, Interactive Brokers, Zoom Video Communications, and The Trade Desk have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. All four companies have recently reported better-than-expected earnings.
October 23, 2023 | 11:45 am
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NEGATIVE IMPACT
Citigroup's Head of Markets sold 28,096 shares. The company recently reported better-than-expected Q3 earnings.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Citigroup's strong Q3 earnings may mitigate this concern.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Interactive Brokers' CFO sold 26,294 shares. The company recently reported quarterly earnings that beat analyst estimates.
The CFO's sale of shares could be seen as a negative signal, but the company's strong earnings report may offset this.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Trade Desk's Director sold 2,999 shares. The company recently reported quarterly earnings that beat analyst estimates.
The Director's sale of shares could be seen as a negative signal, but the company's strong earnings report may offset this.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Zoom Video's COO sold 16,957 shares. RBC Capital recently reiterated Zoom Video with an Outperform and maintains $95 price target.
The COO's sale of shares could be seen as a negative signal, but the positive rating from RBC Capital may offset this.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100