Alphabet, Dropbox And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
The article discusses notable insider sales for Alphabet, Dropbox, Etsy, and Tenet Healthcare. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects. The article provides details on the recent sales and the context for each company.
June 13, 2024 | 12:16 pm
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NEUTRAL IMPACT
Dropbox Chief Customer Officer Eric Cox sold 8,536 shares at an average price of $21.27, totaling around $181,579. This follows better-than-expected first-quarter earnings.
The insider sale by Dropbox's Chief Customer Officer comes after strong Q1 earnings, suggesting the sale might be preplanned or for personal reasons rather than a negative outlook on the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Alphabet Director John L Hennessy sold 1,500 shares at an average price of $178.02, totaling around $266,885. This follows a recent multicloud partnership announcement with Oracle.
The insider sale by Alphabet's Director is notable but not necessarily indicative of negative sentiment, especially given the recent positive news about a multicloud partnership with Oracle.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Alphabet Director John L Hennessy sold 1,500 shares at an average price of $178.02, totaling around $266,885. This follows a recent multicloud partnership announcement with Oracle.
The insider sale by Alphabet's Director is notable but not necessarily indicative of negative sentiment, especially given the recent positive news about a multicloud partnership with Oracle.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Tenet Healthcare Director Richard W Fisher sold 1,400 shares at an average price of $132.24, totaling around $185,136. This follows better-than-expected first-quarter earnings and strong guidance.
The insider sale by Tenet Healthcare's Director comes after strong Q1 earnings and guidance, suggesting the sale might be preplanned or for personal reasons rather than a negative outlook on the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Etsy Chief Human Resources Officer Toni Thompson Nadal sold 1,444 shares at an average price of $65.68, totaling around $94,849. This follows worse-than-expected first-quarter financial results.
The insider sale by Etsy's Chief Human Resources Officer following poor Q1 results could indicate a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100