DoorDash, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at First Solar, Inc. (FSLR), Royal Caribbean Cruises Ltd. (RCL), DoorDash, Inc. (DASH), and M&T Bank Corporation (MTB) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or a belief that the stock is overpriced, they should not be the sole basis for investment decisions. FSLR reported lower than expected Q3 revenue, RCL posted upbeat Q3 earnings, DASH reported better than expected Q3 sales, and MTB also posted better than expected quarterly results.
November 02, 2023 | 10:14 am
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NEGATIVE IMPACT
First Solar's Chief Manufacturing Officer sold 1,621 shares. The company reported lower than expected Q3 revenue.
Insider selling combined with lower than expected revenue could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
DoorDash's CFO sold 7,000 shares. The company reported better than expected Q3 sales.
The CFO's sale of shares could be seen as a negative signal, but the company's strong Q3 sales results may offset any potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
M&T Bank's Sr. Executive Vice President sold 1,000 shares. The company posted better than expected quarterly results.
Insider selling could be a negative signal, but the company's strong quarterly results may offset any potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Royal Caribbean's President sold 3,502 shares. The company posted upbeat Q3 earnings.
While insider selling can be a negative signal, the company's strong Q3 earnings could balance out any potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100