McDonald's, Analog Devices And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at AutoNation, Array Technologies, Analog Devices, and McDonald's have recently sold shares, indicating potential concerns or views of overvaluation. These sales come amidst various company developments, including earnings reports and analyst ratings.
March 25, 2024 | 12:13 pm
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NEGATIVE IMPACT
Analog Devices Director James Champy sold shares worth approx $242,702. Cantor Fitzgerald recently reiterated a Neutral rating with a $205 price target.
The insider sale, following a neutral analyst rating, could indicate concerns about the stock's valuation or future performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
AutoNation's 10% owner Edward S Lampert sold shares worth approx $42.98M. The company recently reported Q4 adjusted EPS of $5.02, beating estimates.
Insider selling, especially after a positive earnings report, could indicate that insiders believe the stock is currently overvalued or that they are taking profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Array Technologies CEO Kevin G. Hostetler sold shares worth approx $100,565. BMO Capital recently initiated coverage with a Market Perform rating and a $16 price target.
The CEO's sale of shares, close to analyst coverage initiation, might suggest a lack of confidence in the stock's short-term growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 85
NEGATIVE IMPACT
McDonald's USA President Joseph M. Erlinger sold shares worth approx $312,534. TD Cowen recently reiterated an Outperform rating with a $325 price target.
The insider sale at McDonald's, despite a bullish analyst outlook, might suggest personal profit-taking or perceived overvaluation by the insider.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85