2024-04-03 11:37:51 ET
Summary
- Paccar shares have surged 50% since late October, but there has been notable insider selling earlier this year.
- The company reported strong Q4 earnings, beating both revenue and profit expectations as margins increased impressively.
- The stock might have gotten ahead of itself given projected slowing sales growth and an expected profit decline in FY2024.
- An analysis follows in the paragraphs below.
Today, we put commercial truck manufacturer Paccar Inc. ( PCAR ) in the spotlight. The shares of the maker of the Kenworth and Peterbilt truck brands have rocketed up by 50% since their recent lows in late October. However, there was some notable insider selling in the equity earlier in 2024 when shares were trading some 20% lower than they are now. A sign it might be time to take some profits in this name? An analysis follows below....
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For further details see:
Paccar: Notable Insider Selling After A Big Rally