When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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.
Expeditors International (NASDAQ:EXPD) reported quarterly sales of $4.30 billion which beat the analyst consensus estimate of $3.70 billion by 16.22 percent. This is a 74.44 percent increase over sales of $2.46
Expeditors International (NASDAQ:EXPD) reported quarterly earnings of $2.09 per share which beat the analyst consensus estimate of $1.77 by 18.08 percent. This is a 86.61 percent increase over earnings of $1.12 per share
Companies Reporting Before The Bell
• Thomson Reuters (NYSE:TRI) is expected to report quarterly earnings at $0.48 per share on revenue of $1.86 billion.
Wells Fargo analyst Allison Poliniak Cusic maintains Expeditors International (NASDAQ:EXPD) with a Equal-Weight and lowers the price target from $131 to $118.