HP, McDonald's And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Nordson, McDonald's, HP, and DoorDash have recently sold shares of their companies. Nordson's EVP Stephen Lovass sold 2,000 shares, McDonald's EVP Heidi Capozzi sold 2,750 shares, HP's CEO Enrique Lores sold 38,000 shares, and DoorDash's CFO Ravi Inukonda sold 7,000 shares. These sales occurred as Nordson posted strong quarterly results, McDonald's faced legal action in Malaysia, HP received an analyst upgrade, and DoorDash was added to the Nasdaq-100 Index.
January 04, 2024 | 12:59 pm
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DoorDash's CFO Ravi Inukonda sold 7,000 shares. The company was recently added to the Nasdaq-100 Index.
The CFO's sale might be part of personal financial planning, especially after the stock's inclusion in the Nasdaq-100, which could have a neutral impact.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
HP's CEO Enrique Lores sold 38,000 shares after an analyst upgrade from Morgan Stanley, raising the price target from $31 to $35.
The CEO's sale of shares may be seen as a negative signal, but the recent analyst upgrade could counterbalance concerns and suggest a neutral impact.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
McDonald's EVP Heidi Capozzi sold 2,750 shares amid legal action against the BDS Malaysia movement by the licensee of McDonald's in Malaysia.
The insider sale may not have a significant impact as it could be unrelated to the legal action in Malaysia, which is a licensee issue.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Nordson EVP Stephen Lovass sold 2,000 shares. The company recently reported better-than-expected quarterly results.
While insider sales can be a signal, the company's strong quarterly results may mitigate negative impact. The sale could be part of a preplanned strategy.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50