Analog Devices, Synopsys And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Recent insider sales were reported for Dollar General, Broadcom, Analog Devices, and Synopsys, with significant transactions from high-level executives. These sales come amidst various analyst actions, including price target adjustments and ratings. Insider sales can indicate various strategic decisions but are not the sole factor for investment decisions.
April 08, 2024 | 12:02 pm
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NEGATIVE IMPACT
Dollar General EVP sold shares worth around $958,616. Evercore ISI Group recently lowered its price target.
Insider sales combined with a lowered price target by Evercore ISI could indicate a bearish outlook, potentially impacting short-term stock performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Analog Devices EVP sold shares worth around $687,317. Cantor Fitzgerald maintained a Neutral rating with a $205 price target.
The insider sale is noteworthy, but the maintained Neutral rating and price target by Cantor Fitzgerald suggest a stable short-term outlook.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
Broadcom's Chief Legal & Corp Affairs Ofc sold shares worth around $3.42 million. TD Cowen upgraded the stock and raised its price target.
While the insider sale is significant, the recent upgrade and raised price target by TD Cowen could balance the stock's short-term outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Synopsys GC & Corporate Secretary sold shares worth around $3.08 million. Piper Sandler initiated coverage with an Overweight rating and a $665 price target.
The insider sale is contrasted by a positive initiation from Piper Sandler, suggesting potential short-term upside for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80