SLB, Marvell Technology And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Schlumberger, TransDigm Group, Marvell Technology, and Laboratory Corporation of America have recently sold shares. Schlumberger's President of New Energy sold shares after the company was chosen by Eni S.p.A. for a methane emissions project. TransDigm's Director sold shares post better-than-expected Q4 results and an acquisition announcement. Marvell Technology's CEO sold shares following a new Buy rating and price target from Roth MKM. Laboratory Corp's SVP sold shares after JP Morgan maintained an Overweight rating and raised the price target.
November 21, 2023 | 12:44 pm
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NEUTRAL IMPACT
Laboratory Corp's SVP sold shares after JP Morgan maintained an Overweight rating and raised the price target.
The sale by Laboratory Corp's SVP may not necessarily indicate a bearish sentiment, especially given the recent positive rating and price target increase by JP Morgan.
CONFIDENCE 75
IMPORTANCE 45
RELEVANCE 50
NEUTRAL IMPACT
Marvell Technology's CEO sold shares after the company received a Buy rating and a $60 price target from Roth MKM.
The CEO's sale of shares comes after a positive analyst rating, which could suggest taking advantage of the stock's potential upward momentum rather than a negative outlook.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
NEUTRAL IMPACT
Schlumberger's President of New Energy sold shares after the company was selected for a methane emissions project by Eni S.p.A.
Insider sales can be part of a preplanned strategy and may not necessarily reflect a negative outlook. The company's involvement in the methane emissions project could be seen as positive, potentially balancing out the insider selling.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
TransDigm's Director sold shares after the company reported better-than-expected Q4 results and announced an acquisition.
The insider sale occurred after positive financial results and a significant acquisition, which could be seen as profit-taking rather than lack of confidence in the company's future.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70