SLB, Abbott And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Schlumberger Limited (SLB), Abbott Laboratories (ABT), Bentley Systems (BSY), and Travelzoo (TZOO) have recently sold significant amounts of shares. While insider selling can sometimes indicate concern about a company's prospects, it can also be part of a preplanned sale. Schlumberger has been chosen by Eni S.p.A. to develop plans for measuring and reporting fugitive methane emissions. Abbott Laboratories reported better-than-expected Q3 results. Bentley Systems is set to release Q3 2023 operating results on Nov. 7, 2023. Travelzoo reported better-than-expected Q3 results and announced a 1 million share buyback.
October 31, 2023 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Abbott Laboratories' Director sold 50,000 shares. The company reported better-than-expected Q3 results.
Despite the positive Q3 results, the insider selling could indicate some concern about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Bentley Systems' Chairman, CEO and President sold 104,407 shares. The company is set to release Q3 2023 operating results on Nov. 7, 2023.
The insider selling could indicate some concern about the upcoming Q3 results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Schlumberger's EVP and CFO sold 6,250 shares. The company has been chosen by Eni S.p.A. to develop plans for measuring and reporting fugitive methane emissions.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, the partnership with Eni S.p.A. could potentially offset this negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Travelzoo's 10% owner sold 190,000 shares. The company reported better-than-expected Q3 results and announced a 1 million share buyback.
Despite the positive Q3 results and share buyback announcement, the insider selling could indicate some concern about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100