Alphabet, Jabil And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Notable insider sales were reported for Alphabet, Jabil, D.R. Horton, and Tutor Perini. These sales could indicate various strategic decisions by the insiders. Alphabet's CEO sold shares amidst news of a new Pixel feature. Jabil's revenue fell short of estimates, while D.R. Horton is set to release financial results. Tutor Perini received a price target update from UBS.
March 21, 2024 | 12:10 pm
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NEUTRAL IMPACT
D.R. Horton's Executive Vice Chair sold shares ahead of the company's financial results announcement, creating speculation about the expected performance.
The insider sale before earnings announcement could be routine, but it raises questions about expected performance. The impact on the stock is uncertain without more context.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Alphabet CEO Sundar Pichai sold shares amid news of a new feature in the Pixel 8a, potentially affecting investor sentiment.
While insider sales can signal various things, the timing with the Pixel 8a news might not significantly impact the stock due to Alphabet's diverse operations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Tutor Perini's President sold a significant number of shares after UBS raised the price target, potentially signaling a strategic move.
The sale after a price target raise could be seen as taking advantage of the stock's valuation. However, its impact on the stock is ambiguous without further details.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Jabil's Executive Chairman sold shares after the company reported a revenue miss, potentially indicating concerns about future performance.
The sale following a revenue miss could be interpreted negatively by the market, suggesting potential concerns about the company's future performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 90