Goldman Sachs, U.S. Bancorp And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Goldman Sachs, QUALCOMM, U.S. Bancorp, and Coinbase Global have recently sold shares of their companies. Goldman Sachs is expanding its asset and wealth management divisions, while QUALCOMM received a price target increase from Canaccord Genuity. U.S. Bancorp reported Q4 revenue that missed analyst expectations, and Coinbase's price target was raised by Citigroup. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.
January 22, 2024 | 12:25 pm
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NEUTRAL IMPACT
Coinbase Director sold 97,836 shares at $131.90 each, totaling around $12.9M. Citigroup raised the price target for Coinbase.
The large insider sale might raise concerns, but the increased price target from Citigroup could mitigate negative impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Goldman Sachs' Chief Risk Officer sold shares worth $3.57M. The company is actively seeking talent for growth in asset and wealth management.
Insider sales can have mixed interpretations, but the company's active growth strategy in asset and wealth management could offset negative sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
QUALCOMM's President and CEO sold 8,100 shares for about $1.21M. The company's stock received a price target increase from Canaccord Genuity.
The CEO's sale might be seen as negative, but the recent price target increase could suggest continued confidence in the company's prospects.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
U.S. Bancorp's Vice Chair sold 12,100 shares for around $487,969. The bank reported Q4 revenue that missed estimates.
The insider sale combined with the Q4 revenue miss could lead to negative sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80