NVIDIA, G-III Apparel And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Jacobs Solutions, NVIDIA, G-III Apparel Group, and Hewlett Packard Enterprise have recently sold shares of their companies. Jacobs Solutions' Executive Chair sold shares after a revenue increase report. NVIDIA's Director sold shares amidst plans to expand the autonomous driving team. G-III Apparel's CFO sold shares following a sales decline report. Hewlett Packard Enterprise's Phil Mottram sold shares after a new CFO announcement and Best Buy's earnings report.
December 20, 2023 | 1:00 pm
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G-III Apparel's CFO sold 31,762 shares for about $1.12 million following a reported sales decline, missing analyst expectations.
The CFO's sale after a sales decline could be interpreted as a lack of confidence in the company's short-term prospects, potentially affecting the stock negatively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Hewlett Packard Enterprise's Phil Mottram sold shares worth around $845,678 following a new CFO announcement and Best Buy's earnings report.
The sale may be related to personal financial planning rather than company performance, especially given the recent CFO appointment, which could neutralize the impact.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Jacobs Solutions' Executive Chair sold shares valued at around $851,582 after reporting a 10.5% Y/Y revenue growth, beating consensus.
The sale could be a routine profit-taking following a positive revenue report, which might not significantly impact the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
NVIDIA's Director sold 1,000 shares for approximately $492,525 as the company plans to expand its autonomous driving team.
The insider sale might not have a significant impact as it coincides with expansion plans, which could be viewed positively by the market.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50