Union Pacific, Packaging Corporation of America And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Textron Inc. (TXT), Yelp Inc. (YELP), Union Pacific Corporation (UNP), and Packaging Corporation of America (PKG) have recently sold shares. This could indicate concern in the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.
November 01, 2023 | 11:53 am
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NEGATIVE IMPACT
SVP Kent A Pflederer sold 4,000 shares of Packaging Corporation of America at an average price of $150.93. The company reported a Q3 FY23 sales decline of 8.94% YoY.
The insider selling, along with the reported sales decline, could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Director Kerry Clark sold 9,353 shares of Textron at an average price of $75.10. The company recently reported Q3 sales growth of $3.34 billion, missing the consensus of $3.476 billion.
The insider selling, combined with the missed sales consensus, could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
EVP Operations Eric J Gehringer sold 1,274 shares of Union Pacific at an average price of $203.24. The company reported a Q3 FY23 operating revenue decline of 10% YoY.
The insider selling, along with the reported revenue decline, could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
COO Joseph Nachman sold 6,000 shares of Yelp at an average price of $40.72. JP Morgan recently upgraded Yelp from Underweight to Neutral.
Despite the recent upgrade, the insider selling could indicate a lack of confidence in the company's prospects, potentially impacting the stock price negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100