INSIDER BUYING HITS NEW LOW
Courtesy of The Pragmatic Capitalist
Insider buying cratered in the week ending April 9th as corporate executives refused to buy into the rally after the recent surge in stocks. Buying has been consistently light since the rally started last March, but was particularly light this week. Total purchases of just $2.1MM was the lowest level during the entire 75% equity rally though the weekly average has ticked slightly higher over the last 8 weeks. Meanwhile, the heavy stream of insider selling continued as insiders unloaded $824mm onto the market.
Of course, insiders sell for various reasons so the high level of
Notable selling:
Source: FinViz