Amazon, Zoom Video And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Amazon, Zoom Video, Commercial Metals, and Hershey Company have recently sold shares. Amazon's CEO of AWS sold 1,000 shares, while a Benchmark analyst raised Amazon's price target. Zoom Video's COO sold 19,207 shares, amid a downgrade by Exane BNP Paribas. Commercial Metals' Executive Chairman sold 57,194 shares, following an increase in the share repurchase program. Hershey's President of U.S. Confection sold 2,065 shares, as Barclays lowered its price target.
January 23, 2024 | 12:44 pm
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NEGATIVE IMPACT
Hershey's President of U.S. Confection sold 2,065 shares. Barclays analyst maintained Hershey with an Equal-Weight and lowered the price target from $212 to $200.
Insider selling, along with a lowered price target by Barclays, could contribute to bearish sentiment and a short-term decline in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Zoom Video's COO sold 19,207 shares. The company was downgraded from Neutral to Underperform with a $60 price target by Exane BNP Paribas.
The insider sale combined with a downgrade and lower price target by an analyst could lead to negative sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Amazon's CEO of AWS sold 1,000 shares, but the company's price target was raised from $170 to $175 by a Benchmark analyst.
While insider selling can be a negative signal, the increase in price target by a Benchmark analyst could counterbalance the impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Commercial Metals' Executive Chairman sold 57,194 shares. The company recently announced a $500 million increase to its share repurchase program.
The insider sale might be viewed negatively, but the increase in the share repurchase program could indicate the company's confidence in its stock, potentially mitigating any negative impact.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70