Qualcomm, Target And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Qualcomm, Fox, Target, and Kimberly-Clark have recently sold shares of their companies. Qualcomm's SVP Neil Martin sold shares at $130 each, Fox's Keith Rupert Murdoch sold at $29.57, Target's Executive Officer Matthew Zabel sold at $131.33, and Kimberly-Clark's Chief Legal Officer Jeffrey P Melucci sold at $121.71. These sales follow various company events, including earnings reports and business expansions.
November 30, 2023 | 12:22 pm
News sentiment analysis
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NEGATIVE IMPACT
Kimberly-Clark's Chief Legal Officer sold 3,000 shares at $121.71 after a slight miss in Q3 sales growth.
The insider sale might reflect concerns after a Q3 sales growth miss, potentially affecting investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Qualcomm's SVP sold 3,098 shares at $130.00, following a Q4 revenue report showing a 24% Y/Y decline.
Insider sales can signal a lack of confidence by executives, especially following a significant year-over-year revenue decline.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Keith Rupert Murdoch of Fox Corporation sold 194,691 shares at $29.57, as FOX Weather expands distribution.
While the insider sale is notable, the expansion of FOX Weather could offset any negative sentiment from the sale.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Target's Executive Officer sold 4,000 shares at $131.33 after reporting better-than-expected Q3 results.
Despite the insider sale, Target's recent better-than-expected financial results could maintain investor confidence.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70