Qualcomm, Broadcom And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Notable insider sales were reported for CrowdStrike Holdings, QUALCOMM, Broadcom, and American Eagle Outfitters, with insiders selling shares at significant amounts. These sales come amidst various company developments, including strategic partnerships, analyst reiterations, and upgrades, as well as strong earnings reports.
April 05, 2024 | 12:28 pm
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NEGATIVE IMPACT
QUALCOMM's CFO and COO sold 3,000 shares at $173.49 each, following a neutral reiteration and $150 price target by Cantor Fitzgerald.
The insider sale, combined with the analyst's neutral stance and lower price target, could suggest a bearish outlook, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
American Eagle Outfitters' Global Brand President sold 16,971 shares at $25.53 each following a strong earnings report and revenue outlook.
The insider sale occurs in the context of a strong earnings report and optimistic revenue outlook, which could balance out any negative perceptions, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Broadcom's CEO and President sold 2,000 shares at $1,312.25 each after an upgrade and price target raise from TD Cowen.
Despite the insider sale, the recent upgrade and raised price target by TD Cowen could maintain investor confidence, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
CrowdStrike Director sold 15,000 shares at $316.82 each amid a strategic partnership announcement with HCLTech.
The sale by a director might be seen as a lack of confidence, but the recent strategic partnership announcement could counterbalance this view, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80