By Davit Kirakosyan
Investing.com — Here are some of the biggest insider trading stories from the past week, as first reported on InvestingPro.
On Friday, the Wall Street Journal raised questions about whether Tesla (NASDAQ:TSLA) CEO Elon Musk had crucial information about slowing sales when he recently unloaded tens of millions of company shares.
Musk sold 22 million shares in December on the heels of his additional sales earlier in 2022, with more than 94 million shares sold throughout the year at an average exit price of $243.46 per share. Despite stating last April that he had no plans to sell more shares, Musk has now sold nearly $40 billion in Tesla stock since the stock reaching an all-time high in November 2021.
Tesla was recently downgraded by Guggenheim ahead of its Q4 results, scheduled for this coming Tuesday, noting it sees negative catalyst path for the stock to underperform in the near and intermediate term. Earlier this month, it announced that the quarter’s vehicle deliveries came in significantly below its guidance. Consensus estimates for Q4 stand at $1.15 for EPS and $24.68B for revenues.
Shares were up 14.5% for the week in a continued partial recovery from their steep plunge last year.
In other insider trading news this past week, EOG Resources (NYSE:EOG) Director, Michael Kerr, bought 20,000 shares on 01/12/23 at $130.4927. The value of the purchase was about $2.6M.
The company reports its Q4 results on Feb 23, with consensus estimates standing at $3.48 for EPS and $5.98B for revenues.
Keurig Dr Pepper (NASDAQ:KDP) Inc. CFO Sudhanshu Shekhar Priyadarshi purchased of 10,000 shares made on 01/18/23 at $35. The value of the purchase was $350,000.
The company reports its Q4 results on Feb 23, with consensus estimates standing at $0.50 for EPS and $3.79B for revenues.
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RBC Capital Markets Software Equity Analyst Rishi Jaluria joins Yahoo Finance Live to break down Microsoft's latest earnings report, the tech company's investment into the ChatGPT A.I., hiring across Microsoft's units, and the outlook of its deal with Activision.
Yahoo Finance's Pras Subramanian discusses Wall Street's attitude toward Tesla stock going into the company's earnings.
Yahoo Finance Live anchors Dave Briggs and Seana Smith highlight what investors should expect in Tesla's fourth-quarter earnings call.
Yahoo Finance Live anchors discuss fourth-quarter earnings for Verizon.
Famed investor Cathie Wood, chief executive of Ark Investment Management, unloaded one of her favorite stocks Jan. 23, perhaps trying to take advantage of its recent rebound. Ark funds dumped 175,491 shares of Exact Sciences , a medical diagnostics company famous for its at-home colon cancer test. Exact Sciences is the biggest holding in Wood's flagship Ark Innovation ETF .
Berkshire Hathaway beat the market yet again last year, and some of its stocks have huge potential in 2023.
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Yahoo Finance’s Anjalee Khemlani joins the Live show to discuss fourth-quarter earnings for Johnson & Johnson.
Its shares plummeted as inflation, rising interest rates, and other macro headwinds caused its lending partners (banks, credit unions, and auto dealerships) to provide fewer loans. At the same time, rising interest rates caused consumers to take out fewer loans. Last February, Upstart launched a $400 million buyback plan.
Rivian Automotive (RIVN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Intuitive Surgical narrowly missed fourth-quarter profit expectations on Tuesday, leading ISRG stock to dip in after-hours trading.
Energy stocks can be a great place in the market to find dividends that you can hold forever. Energy companies are often less speculative than growth stocks, and are built to generate consistent returns on investments over time. Here a look at why I love Kinder Morgan (NYSE: KMI) and TotalEnergies (NYSE: TTE) and their 5.9% and 4.6% respective dividends — and why Petrobras (NYSE: PBR) doesn't have a sustainable dividend to bet on.