Nvidia, Lockheed Martin And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insider sales were reported for Nvidia, Lockheed Martin, Paychex, and Portland General Electric. These sales could indicate concerns about the companies' prospects or that the stocks are overpriced. Analysts have maintained positive ratings for Nvidia, Lockheed Martin, and Portland General Electric, with increased price targets.
July 26, 2024 | 1:31 pm
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NEUTRAL IMPACT
Lockheed Martin's Pres. Missiles & Fire Control sold 3,975 shares. JP Morgan maintained an Overweight rating and raised the price target to $560.
The insider sale at Lockheed Martin might raise concerns, but the positive analyst rating and increased price target provide a counterbalance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Nvidia's President and CEO sold 240,000 shares, raising concerns about the stock's valuation. However, Piper Sandler maintained an Overweight rating and increased the price target to $140.
The insider sale by Nvidia's CEO could be seen as a negative signal, but the positive analyst rating and increased price target may offset this concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Paychex's Sr. VP of Sales sold 8,954 shares. Recently, Paychex declared a regular quarterly cash dividend of 98 cents per share.
The insider sale at Paychex could be a concern, but the recent dividend declaration may provide some reassurance to investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Portland General Electric's EVP, COO sold 1,886 shares. Keybanc upgraded the stock from Sector Weight to Overweight.
The insider sale at Portland General Electric might be a concern, but the upgrade by Keybanc to Overweight is a positive signal.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100