Costco, Nvidia And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Cable One, NVIDIA, Costco Wholesale, and Expedia Group have recently sold shares. Cable One's Director sold shares worth $4.51 million, NVIDIA's EVP of Operations sold shares worth $10 million, Costco's EVP and CFO sold shares for approximately $756,248, and Expedia's Director sold shares worth $1.5 million. These sales occurred amidst various company-specific news, such as analyst downgrades and business expansions.
December 21, 2023 | 12:28 pm
News sentiment analysis
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NEUTRAL IMPACT
Expedia's Director Dara Khosrowshahi sold 10,000 shares at $150.06 each. Barclays recently changed its rating from Overweight to Equal-Weight.
The insider sale at Expedia may be balanced by the recent price target raise by Barclays, suggesting a neutral short-term impact on the stock.
CONFIDENCE 60
IMPORTANCE 55
RELEVANCE 65
NEUTRAL IMPACT
NVIDIA's EVP, Operations Debora Shoquist sold 20,000 shares at $500.04 each. The company is expanding its autonomous driving team.
While the insider sale is significant, the company's expansion in the autonomous driving sector could offset any negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Cable One's Director Thomas O Might sold 8,200 shares at $550.31 each. The company had reported downbeat quarterly sales on Nov. 2.
The insider sale combined with the recent downbeat quarterly sales could suggest a lack of confidence in the company's short-term prospects, potentially impacting the stock negatively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Costco's Director, EVP and CFO Richard Galanti sold 1,111 shares at $680.21 each. The company was downgraded by Northcoast Research recently.
The insider sale, along with the recent downgrade by Northcoast Research, could lead to negative investor sentiment and a potential decrease in stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75