General Motors, Toll Brothers And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
The article discusses notable insider sales for General Motors, SkyWest, Toll Brothers, and Paycom Software. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. The article also mentions recent analyst ratings and company updates.
June 12, 2024 | 12:18 pm
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POSITIVE IMPACT
SkyWest Director James L Welch sold 7,605 shares at an average price of $78.68, totaling around $598,361. Analyst Helane Becker maintained a Buy rating and raised the price target from $85 to $95.
Despite the insider sale, the positive analyst rating and increased price target suggest a bullish outlook for SkyWest.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Toll Brothers CFO Martin P. Connor sold 16,194 shares at an average price of $118.74, totaling around $1.92 million. Analyst Chris Graja maintained a Buy rating and raised the price target from $135 to $140.
The insider sale is offset by the positive analyst rating and increased price target, indicating a bullish outlook for Toll Brothers.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
General Motors President Mark L Reuss sold 50,000 shares at an average price of $46.24, totaling around $2.3 million. The company also approved a new share repurchase authorization of up to $6 billion.
The insider sale by GM's President could indicate concerns about the stock's valuation, but the $6 billion share repurchase authorization is a positive signal, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Paycom Software CEO Chad R. Richison sold 3,900 shares at an average price of $144.42, totaling around $563,250. The company announced significant leadership changes, including a new COO and CLO.
The insider sale by Paycom's CEO is balanced by the announcement of significant leadership changes, which could be seen as a positive development.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100