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Insider Selling: ConocoPhillips (NYSE:COP) SVP Sells 8,500 Shares of Stock
ConocoPhillips (NYSE:COP) SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock for over $1 million on March 9th, reducing her stake by over 20%. This transaction, along with a separate sale by Director Timothy Leach, coincided with the company reporting an earnings and revenue miss which caused the stock to trade down. Despite this, analysts maintain a “Moderate Buy” consensus rating with an average price target near current levels.