Stocks

There were 13 instances of insider trading in the past six months, with eight being sales. Significant sales include those by American Tower Corp, which sold 2,288,621 shares for approximately $159.631314. Insider selling can be a bearish signal, as it may indicate that insiders have concerns about the company's future performance.

Erste Asset Management GmbH, a significant institutional investor, decreased its holdings in Bloom Energy Corporation by 51.3% in the third quarter. This reduction in stake by a major investor could signal a lack of confidence in the company's future performance or valuation concerns, leading to a negative perception among investors.

SoFi faced a price target reduction from Bank of America, which lowered its target to $20.50, indicating a cautious outlook and maintaining an 'Underperform' rating due to perceived valuation concerns. This sentiment could have contributed to the stock's decline. Additionally, concerns over regulatory scrutiny and challenges in its student loan business may have also impacted investor confidence.

Former J.P. Morgan strategist Marko Kolanovic warned that the high-flying South Korean stock market, including Banco Santander's significant exposure to Samsung and SK Hynix, could crash. Such a warning can lead to a sell-off in shares of companies with high South Korean market exposure.