Ford Motor, Microsoft And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
The Nasdaq 100 closed higher by around 1% on Friday. Notable insider sales were reported for Natera, Ford Motor, Starbucks, and Microsoft. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects.
May 28, 2024 | 11:52 am
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NEGATIVE IMPACT
Ford Motor Director Jon M Huntsman Jr sold 81,234 shares at an average price of $12.09, totaling around $982,200. This comes after Bernstein analyst initiated coverage with an Outperform rating and a $16 price target.
Despite a positive analyst rating, insider sales can be seen as a lack of confidence in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft EVP, Chief Commercial Officer Judson Althoff sold 25,000 shares at an average price of $425.68, totaling around $10.64 million. This follows Wedbush analyst reiterating an Outperform rating with a $500 price target.
Despite a positive analyst rating, the significant insider sale may raise concerns about the stock's valuation and short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Natera Director Jonathan Sheena sold 1,000 shares at an average price of $108.30, totaling around $108,301. This follows Natera's better-than-expected Q1 EPS and sales.
Insider sales can be perceived negatively by the market, especially following strong earnings, as it may indicate the insider believes the stock is overvalued.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Starbucks EVP, CFO Rachel Ruggeri sold 3,750 shares at an average price of $80.00, totaling around $300,000. This follows a Neutral rating from Piper Sandler with a lowered price target from $88 to $85.
The insider sale, combined with a lowered price target, may indicate concerns about the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70