Visa, KeyCorp And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Williams-Sonoma, Visa, KeyCorp, and Sprouts Farmers Market have recently sold shares of their companies. Williams-Sonoma insiders sold shares after reporting better-than-expected Q3 earnings. Visa's insider sale coincides with an extended collaboration in Europe. KeyCorp's insider sold shares as Q3 FY23 revenues met consensus. Sprouts Farmers Market's CEO sold shares after reporting a 7.7% Y/Y sales growth in Q3 FY23.
November 24, 2023 | 12:21 pm
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NEGATIVE IMPACT
KeyCorp Director sold shares after the company reported Q3 FY23 revenues that were in line with consensus.
The insider sale at KeyCorp may not inspire confidence among investors since it followed a report of revenues that only met, but did not exceed, expectations.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
Sprouts Farmers Market CEO sold a significant number of shares after the company reported a 7.7% Y/Y sales growth in Q3 FY23.
The CEO's sale of shares after a positive sales report could be interpreted as a lack of confidence in the company's future growth or as a routine profit-taking.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Williams-Sonoma insiders sold shares following better-than-expected Q3 adjusted earnings.
Insider sales often suggest that those with intimate knowledge of the company believe the stock may be fully valued or are taking profits after positive earnings.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Visa's President of Technology sold shares amidst news of extended collaboration in Europe with Paysafe.
While the insider sale at Visa occurred, it is also reported that the company is expanding its collaboration, which could have a positive impact on the stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60