Alphabet, Dell And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders from Alphabet, Roku, Dell Technologies, and Buckle have recently sold shares, which could indicate various motivations such as preplanned sales or concerns about the company's prospects. Notable sales include Alphabet's CEO Sundar Pichai selling 22,500 shares, Roku's President Charles Collier selling 3,590 shares, Dell's Director Egon Durban selling 25,381 shares, and Buckle's Director John P Peetz selling 2,500 shares.
July 19, 2024 | 5:39 pm
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NEGATIVE IMPACT
Buckle Director John P Peetz sold 2,500 shares at an average price of $40.26, totaling around $100,650. Buckle reported June net sales of $101.7 million, down 5.8% year over year.
The insider sale combined with declining sales figures could indicate potential short-term weakness in the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Alphabet CEO Sundar Pichai sold 22,500 shares at an average price of $182.84, totaling around $4.1 million. This sale comes as Alphabet reveals its upcoming Pixel 9 smartphones and a new foldable phone.
The sale by the CEO could be seen as a lack of confidence in the stock's short-term prospects, especially given the significant amount sold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Roku President Charles Collier sold 3,590 shares at an average price of $65.00, totaling around $233,350. Roku is set to release its Q2 2024 financial results on August 1.
The insider sale ahead of the financial results could indicate concerns about the upcoming earnings report.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Dell Technologies Director Egon Durban sold 25,381 shares at an average price of $134.42, totaling around $3.4 million. Evercore ISI recently maintained an Outperform rating with a $165 price target.
Despite the insider sale, the recent positive analyst rating may offset any negative sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100