Insiders Are Selling

  • The Wall Street Journal – Corporate Insiders Haven’t Been This Uninterested in Buying Stocks Since Ronald Reagan Was President
    Corporate executives are buying their own firms’ shares at the slowest pace in at least 29 years, the latest sign of uncertainty as the booming U.S. stock bull market this week enters its ninth year. Share purchases and sales by executives are parsed by investors searching for signals about what insiders expect from the market. Sales can show wariness about valuations, while purchases can signal confidence that more gains lie ahead. Insider buyers have been scant. There were a total of 279 insider buyers in January, the lowest in records of publicly traded companies that are required to disclose going back to 1988, according to the Washington Service, a provider of insider-trading data and analytics. Meanwhile, the number of sellers has been above average, pushing a ratio of buyers to sellers in February to its lowest since 1988.

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