INSIDER SELLING SOARS HIGHER AS EXECUTIVES SELL INTO THE RALLY
Courtesy of The Pragmatic Capitalist
Insider selling surged in the latest week from $960MM in sales to over $1.39B. Buying made a drastic improvement from $29MM to over $166MM. The improvement in buying is a positive sign, but the vast discrepancy in selling continues to overshadow the buying. Insiders are clearly viewing the run-up as a selling opportunity. This is consistent with the very tepid recovery we’ve seen in organic revenue growth thus far during the economic rebound. Executives are still unlikely to invest their personal fortunes in the companies they run due to the fact that they aren’t seeing the organic growth that so many equity buyers are hoping will develop once the government steps aside and stops propping up the economy. Thus far, there are little to no signs of this occurring and this is perhaps most evident in the personal use of insider buying and selling. [click on charts to enlarge]
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