Kimberly-Clark, Roblox And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Roblox Corporation (RBLX), The Progressive Corporation (PGR), Kimberly-Clark Corporation (KMB), and Accenture plc (ACN) have recently sold shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects. Roblox is expected to report Q3 2023 financial results soon. Progressive posted upbeat earnings for Q3. Kimberly-Clark reported Q3 sales growth of 2% Y/Y, missing analyst consensus. Accenture recently posted better-than-expected Q2 results and acquired cybersecurity services company MNEMO Mexico.
October 26, 2023 | 12:16 pm
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NEGATIVE IMPACT
COO at Accenture sold 2,500 shares. The company recently posted better-than-expected Q2 results and acquired cybersecurity services company MNEMO Mexico.
Despite positive earnings and an acquisition, insider selling could indicate concerns about the company's future prospects, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Chief Digital & Technology Officer at Kimberly-Clark sold 3,020 shares. The company reported Q3 sales growth of 2% Y/Y, missing analyst consensus.
Insider selling, combined with missed sales estimates, could indicate concerns about the company's future performance, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Director at Progressive sold 15,000 shares. The company posted upbeat earnings for Q3.
Despite upbeat earnings, insider selling could indicate a lack of confidence in the company's future prospects, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Director at Roblox sold 8,333 shares. The company is expected to report Q3 2023 financial results soon.
Insider selling could indicate a lack of confidence in the company's prospects, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100