NVIDIA, Analog Devices And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Notable insider sales were reported for NVIDIA, Electronic Arts, Analog Devices, and Hershey Company. NVIDIA insiders sold shares worth approximately $19.2 million, while the company is expanding its autonomous driving team in China. Electronic Arts' CEO sold shares worth around $342,976, following a price target increase by Deutsche Bank. Analog Devices' EVP sold shares worth about $3.13 million after reporting a revenue decline but beating consensus. Hershey's CFO sold shares totaling around $289,065 after the company reported upbeat earnings.
November 29, 2023 | 12:54 pm
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NEGATIVE IMPACT
Analog Devices' EVP sold shares following a revenue decline but a beat on consensus estimates.
The insider sale after a revenue decline could be seen negatively by investors, despite beating consensus estimates.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Electronic Arts' CEO sold shares after Deutsche Bank raised the price target for the company.
The CEO's sale comes after a price target increase, which could balance out any negative impact from the insider sale.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Hershey's CFO sold shares after the company reported strong earnings for its third quarter.
The CFO's sale post-earnings might not significantly impact the stock as the earnings were positive.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60
NEUTRAL IMPACT
NVIDIA insiders sold significant shares while the company is hiring for its autonomous driving team in China.
Insider sales can indicate various things, but with NVIDIA's expansion in autonomous driving, the impact is likely neutral short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70