Snap, American Express And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Notable insider sales were reported for Snap Inc. (SNAP), Moelis & Company (MC), American Express Company (AXP), and Huntington Ingalls Industries, Inc. (HII). These sales come amidst various company-specific developments, such as Snap's repurchase transactions, Moelis's narrower-than-expected quarterly loss, American Express's fiscal fourth-quarter revenue and EPS missing consensus, and Huntington Ingalls's stronger-than-expected earnings.
February 13, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
American Express's Chief Colleague Experience Officer Monique Herena sold 11,242 shares. The company's fiscal Q4 revenue and EPS missed consensus.
Insider sales following missed financial targets could be seen as a lack of confidence, potentially impacting short-term stock performance negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Huntington Ingalls Industries' Ex VP, President NNS Jennifer R. Boykin sold 2,176 shares. The company reported stronger-than-expected earnings.
Despite the insider sale, the company's strong earnings report could offset potential negative perceptions, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Moelis & Company's Principal Accounting Officer Christopher Callesano sold 1,040 shares. The company reported a narrower-than-expected quarterly loss.
Insider sales juxtaposed with better-than-expected financial results create an ambiguous short-term outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Snap Inc. CEO Evan Spiegel sold 150,000 shares. The company also announced privately negotiated repurchase transactions.
While insider sales can indicate a lack of confidence, the repurchase transactions could signal company strength. The net impact is uncertain.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80