Investing.com — Here are some of the biggest insider trading stories of the past week, first reported by InvestingPro.
On Friday, The Wall Street Journal asked whether Tesla (NASDAQ:) CEO Elon Musk had key information about slowing sales when he recently sold tens of millions of shares in the company. I threw it.
Musk sold 22 million shares in December following an additional sale in early 2022, and over the course of the year more than 94 million shares were sold at an average exit price of $243.46 per share. Musk has sold nearly $40 billion in Tesla shares since he hit an all-time high in November 2021, even though he said last April he had no plans to sell any more shares. bottom.
Tesla was recently downgraded by the Guggenheim ahead of its fourth-quarter results due this Tuesday. Earlier this month, the company announced that its quarterly vehicle deliveries were well below guidance. The consensus forecast for the fourth quarter is EPS of $1.15 and revenue of $24.68 billion.
Shares are up 14.5% this week, following a partial recovery from last year’s sharp sell-off.
In other insider trading news from last week, EOG Resources (NYSE:) Director Michael Kerr purchased 20,000 shares for $130.4927 on January 12, 2023. The purchase price was approximately $2.6 million.
The company reported fourth-quarter results on February 23, showing consensus estimates of $3.48 in EPS and $5.98 billion in revenue.
Keurig Dr Pepper (NASDAQ:) Inc. CFO Sudhanshu Shekhar Priyadarshi purchased 10,000 shares for $35 on January 18, 2023. The purchase price was 3.5 million.
The company reported fourth-quarter results on February 23, showing consensus estimates of $0.50 in EPS and $3.79 billion in revenue.
If you’re interested in upgrading your search for new investment ideas, check out InvestingPro.