🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling

Published 13/05/2024, 13:03
© Reuters.  JPMorgan, Global Payments And 2 Other Stocks Insiders Are Selling
JPM
-
TDC
-
TDW
-
GPN
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

The Nasdaq 100 closed higher by around 0.3% on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.

Tidewater

  • The Trade: Tidewater Inc. (NYSE:TDW) Director Robert Robotti sold a total of 156,494 shares at an average price of $107.21. The insider received around $16.78 million from selling those shares.
  • What's Happening: On May 2, Tidewater reported better-than-expected first-quarter EPS and sales.
  • What Tidewater Does: Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a diversified fleet of marine service vessels.
Have a look at our premarket coverage here

JPMorgan Chase

  • The Trade: JPMorgan Chase & Co. (NYSE:JPM) Head of Human Resources Robin Leopold sold a total of 3,000 shares at an average price of $198.86. The insider received around $596,576 from selling those shares.
  • What's Happening: JP Morgan Chase, during April, inaugurated a new Community Center branch in the Grand Concourse neighborhood of the Bronx.
  • What JPMorgan Chase Does: JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 trillion in assets.
Global Payments
  • The Trade: Global Payments Inc. (NYSE:GPN) Senior Executive VP and CHRO Andrea M Carter sold a total of 3,300 shares at an average price of $111.34. The insider received around $367,422 from selling those shares.
  • What's Happening: On May 1, Global Payments reported first-quarter financial results and issued guidance.
  • What Global Payments Does: Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants.
Teradata
  • The Trade: Teradata Corporation (NYSE:TDC) Chief Customer Officer Michael D Hutchinson sold a total of 18,500 shares at an average price of $32.96. The insider received around $609,797 from selling those shares.
  • What's Happening: On May 6, Teradata reported mixed first-quarter financial results and issued second-quarter guidance.
  • What Teradata Does: Teradata Corp provides analytic data products and related services.
Check This Out: How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.