Apple, PepsiCo And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Microsoft, Apple, PepsiCo, and Gartner have recently sold shares of their respective companies. Microsoft's EVP, Judson Althoff, sold 11,500 shares. Apple's Principal Accounting Officer, Chris Kondo, sold 4,806 shares. PepsiCo's Vice Chairman, Hugh Johnston, sold 48,388 shares following a new Buy rating from Jefferies. Gartner's Director, James C Smith, sold 10,885 shares after the company reported strong Q3 results and raised FY23 guidance. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.
November 15, 2023 | 1:02 pm
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POSITIVE IMPACT
PepsiCo's Vice Chairman Hugh Johnston sold 48,388 shares. Jefferies initiated coverage with a Buy rating and a $203 price target.
Despite the insider sale, the initiation of a Buy rating by Jefferies with a positive price target could have a more significant bullish impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Apple's Principal Accounting Officer Chris Kondo sold 4,806 shares amid new onboarding videos for the Vision Pro headset.
The insider sale is a point of interest for investors, but the release of new onboarding videos for an upcoming product could mitigate any negative impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Gartner Director James C Smith sold 10,885 shares. The company had strong Q3 results and raised FY23 guidance.
The insider sale might raise questions, but the positive financial results and raised guidance could neutralize concerns and maintain investor confidence.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
NEUTRAL IMPACT
Microsoft EVP Judson Althoff sold 11,500 shares. The company is also adapting to EU regulations for service switching.
While the sale of shares by an insider could suggest a lack of confidence, the adaptation to EU regulations is a neutral to positive sign, balancing the potential impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60