Dell, Applied Materials And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders from Dell Technologies, JPMorgan Chase, Applied Materials, and Hewlett Packard Enterprise have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include Dell's CEO selling $198.2 million worth of shares, JPMorgan's Chief Risk Officer selling $1.01 million, Applied Materials' SVP selling $554,050, and Hewlett Packard Enterprise's Director selling $975,500.
June 11, 2024 | 12:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Dell Technologies CEO Michael S Dell sold 1,480,242 shares worth $198.2 million. Despite recent upbeat earnings, this large sale might raise concerns about the stock's valuation.
The CEO's significant sale of shares, despite recent positive earnings, could indicate concerns about the stock's future performance or overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Applied Materials' SVP Teri A. Little sold 2,500 shares worth $554,050. This follows a recent upgrade by Barclays, raising the price target to $225.
The insider sale is relatively small and follows a positive analyst upgrade, which may neutralize any negative impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Hewlett Packard Enterprise's Director Gary M Reiner sold 50,000 shares worth $975,500. This comes after the company reported better-than-expected Q2 results.
The sale is significant but follows strong financial results, which may balance any negative sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
JPMorgan Chase's Chief Risk Officer Ashley Bacon sold 5,086 shares worth $1.01 million. This sale comes amid a leadership change with the hiring of a new CTO.
The sale is relatively small and coincides with a leadership change, which may not significantly impact the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80