Microsoft, Synaptics And 2 Other Stocks Executives Are Selling
Portfolio Pulse from Avi Kapoor
The Nasdaq 100 closed lower by 1% as investors focused on insider trades. Notable insider sales included Microsoft CEO Satya Nadella selling shares worth $6 million, Synaptics' Vikram Gupta selling shares post-earnings, Loews' Kenneth Siegel selling shares after a positive earnings report, and Sunnova Energy's William Berger selling shares following a price target increase by Morgan Stanley.
August 27, 2024 | 1:01 pm
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NEUTRAL IMPACT
Loews' Kenneth Siegel sold 6,993 shares at $80.21 each after reporting a 2.5% increase in Q2 net income.
The sale follows a positive earnings report, which may not have a significant impact on the stock price as the earnings growth could counterbalance the insider sale.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Sunnova Energy's William Berger sold 77,000 shares at $11.31 each after Morgan Stanley raised the price target from $11 to $13.
The insider sale comes after a price target increase, which may not significantly impact the stock price as the positive analyst outlook could mitigate concerns from the sale.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Synaptics' Vikram Gupta sold 1,870 shares at $80 each, following better-than-expected quarterly earnings.
The insider sale follows strong earnings, which may not significantly impact the stock price as the positive earnings could offset concerns from the sale.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Microsoft CEO Satya Nadella sold 14,398 shares at $417.41 each, totaling around $6 million. This sale follows Microsoft's segment restructuring and revised guidance.
The sale by Microsoft's CEO could indicate concerns about the company's future prospects or that the stock is overvalued, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80