5 overvalued stocks that insiders are selling (and quickly) these days.
There are 5 stocks, in particular, that insiders are dumping right now.
Tracking internal company activities is crucial for investors because paying attention to internal sentiment often proves to be a successful strategy.
Such operations, as per tradition, can push the public to think that the valuation of the shares being sold is overvalued or, again, that there is some speculative conspiracy to stay away from or, on the contrary, to take advantage of.
Here, then, is the list of the securities most frequently sold by insiders, by those who have a prominent role in listed companies.
5. Cadence Design Systems Inc (NASDAQ: CDNS)
Shares of computer software company Cadence Design Systems Inc (NASDAQ:CDNS) have risen about 44% over the past year. The stock was recently sold, a total of 21,700 shares, by CFO John Wall, for $311.40 each.
Since then the stock has lost about 1.6% in value.
4. Walt Disney Co (NYSE: DIS)
Disney recently got into a heated battle with Nelson Peltz’s Trian Partners, which was trying to get two seats on its board of directors.
Sonia Coleman, senior executive vice president and chief human resources officer at Walt Disney Co, sold 1,857 shares on April 1 at $121.92 each. After this transaction, the stock increased by approximately 1%.
3. Netflix Inc (NASDAQ: NFLX)
Reed Hastings, co-founder and chairman of the board of directors of Netflix Inc, sold 20,566 shares of the streaming company’s stock on April 1 at $610.42 per share. The share price has been mostly stable since then.
Over the last year, Netflix shares have risen by approximately 76%, with a P/E ratio of approximately 51.
2. Salesforce Inc (NYSE: CRM)
Number of hedge fund investors: 131
Salesforce Inc (NYSE:CRM) President and COO Brian Millham sold 24,453 shares of the CRM software company’s stock on April 1 at $302.08 per share. On the same day, Salesforce CEO Marc Benioff sold 15,000 shares at $301.72 each.
Not only. Benioff had sold another 15,000 shares on March 28 at $301.01 each. The CEO has continued to sell shares en masse since last month. Parker Harris, the company’s co-founder and CTO of Slack, also sold 4,200 shares of Salesforce Inc at $306.50 per share on March 26. The stock has since fallen 0.60%.
1. Nvidia Corp. (NASDAQ: NVDA)
Nvidia Corp (NASDAQ:NVDA) shares are up 220% over the past year. The stock now trades at 74 times earnings. Mark A. Stevens, director of the board of directors, sold 11,000 shares of Nvidia Corp stock on March 28 at $905.65 a share. The stock has since fallen 1%.
Original article published on Money.it Italy 2024-04-10 12:01:00. Original title: 5 azioni sopravvalutate che gli insider stanno scaricando
