Microsoft, U.S. Bancorp And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Microsoft, Hyatt Hotels, U.S. Bancorp, and Kinder Morgan have recently sold shares of their companies. Microsoft's Kathleen T Hogan sold shares worth $9.11 million, Hyatt's David Udell sold shares for $385,154, U.S. Bancorp's Shailesh M Kotwal sold shares for $401,220, and Kinder Morgan's Dax Sanders sold shares for $881,610. These sales could indicate various things, including personal financial management or a lack of confidence in the company's future prospects. However, insider sales are just one of many factors investors should consider.
December 12, 2023 | 12:03 pm
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NEUTRAL IMPACT
Hyatt Hotels' David Udell sold 3,157 shares at an average price of $122.00, receiving around $385,154.
The sale by Hyatt's insider is relatively small and follows an Overweight rating by Wells Fargo, suggesting a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Kinder Morgan VP Dax Sanders sold 50,000 shares at $17.63 each, receiving around $881,610.
Despite the large sale by Kinder Morgan's insider, the company's positive financial forecasts suggest a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Microsoft EVP, Chief Human Resources Officer Kathleen T Hogan sold 24,680.983 shares at $369 each, totaling around $9.11 million.
While the sale is significant, Microsoft is a large company and insider sales can be part of normal financial planning. The impact is likely neutral in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
U.S. Bancorp Vice Chair Shailesh M Kotwal sold 10,000 shares at $40.12 each, totaling $401,220.
The insider sale at U.S. Bancorp comes after a price target increase by Piper Sandler, indicating a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 60