Oracle, Qualcomm And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Oracle, Qualcomm, Southern Company, and Coinbase Global have recently sold shares. Insider sales can indicate various sentiments about the stock's value or company prospects. Notably, Kathryn Haun of Coinbase sold shares at $99 each, George N. Conrades of Oracle at $112.87, Stephen E Kuczynski of Southern at $68.39, and James J Cathey of Qualcomm at $124. These transactions occurred amidst various company-specific news such as earnings reports and analyst upgrades.
November 14, 2023 | 12:47 pm
News sentiment analysis
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NEGATIVE IMPACT
Coinbase Director Kathryn Haun sold 9,302 shares at $99 each amid a report of a 5% quarter-over-quarter revenue decline.
Insider sales can be a bearish signal, especially when the company has reported a decline in revenue, which may suggest a cautious or negative outlook from the insider.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Southern Company CEO Stephen E Kuczynski sold 5,000 shares at $68.39 after the company reported better-than-expected earnings.
The sale following strong earnings might indicate the insider believes the stock is currently well-valued or potentially overvalued, prompting the sale.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 75
NEUTRAL IMPACT
Oracle Director George N. Conrades sold 4,650 shares at $112.87, despite an analyst upgrade from Hold to Buy.
While insider sales can be negative, the impact may be neutralized by the recent analyst upgrade, which could maintain investor confidence in the stock.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
QUALCOMM CCO James J Cathey sold 1,000 shares at $124 each after an upgrade and a new price target from DZ Bank.
The insider sale at QUALCOMM may be seen as a standard portfolio adjustment, especially since it coincides with positive analyst sentiment, which could counterbalance the sale's impact.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 65