Scorching insider buying and selling: Questions raised on Elon Musk’s Tesla gross sales

By Davit Kirakosyan

Investing.com — Listed here are among the largest insider buying and selling tales from the previous week, as first reported on InvestingPro.

On Friday, the Wall Road Journal raised questions on whether or not Tesla (NASDAQ:) CEO Elon Musk had essential details about slowing gross sales when he lately unloaded tens of thousands and thousands of firm shares.

Musk offered 22 million shares in December on the heels of his extra gross sales earlier in 2022, with greater than 94 million shares offered all year long at a mean exit value of $243.46 per share. Regardless of stating final April that he had no plans to promote extra shares, Musk has now offered almost $40 billion in Tesla inventory for the reason that inventory reaching an all-time excessive in November 2021.

Tesla was lately downgraded by Guggenheim forward of its This fall outcomes, scheduled for this coming Tuesday, noting it sees adverse catalyst path for the inventory to underperform within the close to and intermediate time period. Earlier this month, it introduced that the quarter’s automobile deliveries got here in considerably under its steering. Consensus estimates for This fall stand at $1.15 for EPS and $24.68B for revenues.

Shares have been up 14.5% for the week in a continued partial restoration from their steep plunge final 12 months.

In different insider buying and selling information this previous week, EOG Assets (NYSE:) Director, Michael Kerr, purchased 20,000 shares on 01/12/23 at $130.4927. The worth of the acquisition was about $2.6M.

The corporate stories its This fall outcomes on Feb 23, with consensus estimates standing at $3.48 for EPS and $5.98B for revenues.

Keurig Dr Pepper (NASDAQ:) Inc. CFO Sudhanshu Shekhar Priyadarshi bought of 10,000 shares made on 01/18/23 at $35. The worth of the acquisition was $350,000.

The corporate stories its This fall outcomes on Feb 23, with consensus estimates standing at $0.50 for EPS and $3.79B for revenues.

***

Should you’re occupied with upgrading your seek for new investing concepts, try InvestingPro.