Insiders are selling gigantic amounts of stock each and every week, and as long as we stay at these lofty levels, that probably will continue.
The top analyst upgrades, downgrades and initiations seen on Thursday include Baker Hughes, Cree, Freeport-McMoRan, GrubHub, Silver Wheaton, Dynegy, Panera Bread and Ulta Beauty.
24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results on Wednesday.
The top analyst upgrades, downgrades and initiations seen on Wednesday include Citigroup, Chipotle Mexican Grill, Exxon Mobil, Occidental Petroleum, Regions Financial, T-Mobile, Williams Companies and Paychex.
The top analyst upgrades, downgrades and initiations seen on Monday morning include Ciena, CME Group, Energy Transfer, NVIDIA and U.S. Steel.
GrubHub released better-than-expected third-quarter earnings report before the markets opened on Wednesday.
Chris Lange The top analyst upgrades, downgrades and initiations seen on Thursday morning include Charles Schwab, Merck, Nokia, Viacom, Waste Management and Windstream.
Argus has launched coverage of GrubHub with a Buy rating and a price target that implies upside of almost 30%.
Chris Lange The top analyst upgrades, downgrades and initiations seen on Wednesday morning include AMD, Corrections Corp, Fortinet, Motorola Solutions, Procter & Gamble and Xilinx.
top analyst upgrades, downgrades and initiations seen on Tuesday morning include Caterpillar, Illumina, Nike, Seagate Technology, Twitter, Tyson Foods and Western Digital.
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include Applied Materials, Kinder Morgan, Las Vegas Sands, ONEOK, Pandora Media and Wells Fargo.
Does it matter that these stocks are all valued with what might be nose-bleed valuations? Does it matter that these are almost all trading above the consensus analyst price targets?
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include Hain Celestial, IBM, JPMorgan, Marathon Oil, Regions Financial, Tableau Software and GrubHub.
While the insider selling was steady, it was nothing that resembled anything other than normal selling. With the markets trading at all-time highs investors can expect more of the same.
It should come as no surprise to see insider selling at current market levels, and we expect the pace to continue through the rest of the summer and into the fall.
