Qualcomm, American Express And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders from Qualcomm, Ball Corporation, American Express, and Teradata have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include Qualcomm's Neil Smit, Ball Corporation's Pedro Henrique Mariani, American Express's Raymond Joabar, and Teradata's Timothy C K Chou.
May 22, 2024 | 12:20 pm
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NEGATIVE IMPACT
American Express Grp. Pres., GMNS Raymond Joabar sold 2,655 shares at an average price of $242.79, totaling around $644,770. This comes after the company declared dividends on Series D Preferred Stock and regular quarterly dividend.
Insider sales following dividend declarations may indicate concerns about stock valuation or future performance. The sale by a high-ranking executive could be a cautious signal.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Ball Corporation Director Pedro Henrique Mariani sold 5,000 shares at an average price of $69.90, totaling around $349,486. This follows Ball's better-than-expected first-quarter earnings report.
Despite strong earnings, insider sales can signal concerns about future performance or overvaluation. The sale by a director may indicate a cautious outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Qualcomm Director Neil Smit sold 3,069 shares at an average price of $200.94, totaling around $616,670. This sale comes as Dell unveiled PCs with Qualcomm Snapdragon chips.
Insider sales can indicate concerns about company prospects or overvaluation. The sale by a director, especially after a product announcement, may suggest a lack of confidence in the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Teradata Director Timothy C K Chou sold 6,356 shares at an average price of $33.43, totaling around $212,462. This follows Teradata's mixed first-quarter financial results and second-quarter guidance.
Insider sales after mixed financial results and guidance can indicate concerns about future performance. The sale by a director may suggest a lack of confidence in the stock's short-term outlook.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65