Amazon, Walmart And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at four major companies, Amazon (AMZN), Walmart (WMT), Ciena Corporation (CIEN), and Amkor Technology (AMKR), have recently sold shares. The reasons for these sales vary, with Ciena reporting positive Q3 results, Amkor showing a YoY decrease in Q3 EPS results and issuing Q4 revenue guidance below estimates, Walmart planning to open a new fulfillment center, and Amazon facing allegations from the FTC.
November 06, 2023 | 12:44 pm
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NEGATIVE IMPACT
Amkor's EVP and General Counsel sold 5,000 shares following a YoY decrease in Q3 EPS results and lower Q4 revenue guidance.
The insider sale at Amkor could be seen as a negative signal, given the company's disappointing Q3 results and lower Q4 revenue guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Amazon's CEO of Worldwide Stores sold 4,000 shares amid FTC allegations of deceptive practices.
The FTC allegations against Amazon could potentially harm the company's reputation and stock price, hence the insider sale could be seen as a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ciena's President and CEO sold 4,166 shares following positive Q3 results.
The insider sale at Ciena comes after positive Q3 results, which could be seen as a profit-taking move rather than a negative signal about the company's prospects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Walmart's Executive VP sold 1,000 shares as the company plans to open a new fulfillment center.
While the insider sale could be seen as a negative signal, the company's plan to open a new fulfillment center could potentially boost its operational efficiency and revenues in the long run.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100