SAP (NYSE:SAP) reported quarterly earnings of $1.02 per share which missed the analyst consensus estimate of $1.49 by 31.54 percent. This is a 52.11 percent decrease over earnings of $2.13 per share from the same period last year. The company reported quarterly sales of $8.61 billion which missed the analyst consensus estimate of $9.29 billion by 7.31 percent. This is a 5.67 percent decrease over sales of $9.13 billion the same period last year.
5 Stocks Insiders Are Selling
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.
