Pfizer, Conagra Brands And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
The Nasdaq 100 closed higher by around 0.1% during Wednesday's session. Notable insider trades were observed in Conagra Brands, T-Mobile US, Upstart Holdings, and Pfizer. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects. Conagra Brands' EVP and COO sold 40,000 shares, T-Mobile US' President and CEO sold 40,000 shares, Upstart Holdings' CFO sold 1,500 shares, and Pfizer's SVP and Controller sold 5,154 shares.
August 15, 2024 | 12:24 pm
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NEGATIVE IMPACT
Conagra Brands' EVP and COO sold 40,000 shares at an average price of $30.29, totaling around $1.2 million. This sale follows a recent Buy rating and $36 price target from Goldman Sachs.
The insider sale by Conagra Brands' EVP and COO could indicate concerns about the stock's current valuation, despite a recent Buy rating from Goldman Sachs. This may lead to short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
T-Mobile US' President and CEO sold 40,000 shares at an average price of $194.82, totaling around $7.8 million. This sale follows a Buy rating and increased price target from Tigress Financial.
The insider sale by T-Mobile US' President and CEO could indicate concerns about the stock's current valuation, despite a recent Buy rating and increased price target from Tigress Financial. This may lead to short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Pfizer's SVP and Controller sold 5,154 shares at an average price of $28.66, totaling around $147,714. This sale follows the release of top-line safety and immunogenicity results from a Phase 3 trial.
The insider sale by Pfizer's SVP and Controller is relatively small and follows positive trial results. This may have a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Upstart Holdings' CFO sold 1,500 shares at an average price of $35.39, totaling around $53,085. This sale follows better-than-expected second-quarter financial results.
The insider sale by Upstart Holdings' CFO is relatively small and follows positive financial results. This may have a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70