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Thursday, March 28, 2024

INSIDER BUYING REMAINS NEAR ITS LOWS

INSIDER BUYING REMAINS NEAR ITS LOWS

Courtesy of The Pragmatic Capitalist

The negative trends in insider buying and selling continued this week as insiders sold a total of $896mm in stock and purchased just $6.3mm.   Both were up from last week’s readings of $824MM in selling and the annual low in buying of $2.1MM.  The 4 week trailing average of purchases remains near its recent lows.

As we’ve previously mentioned, this is a vote of no confidence in the sustainability of the long-term recovery as insiders simply refuse to use their own dollars to buy into this rally.

IT3 INSIDER BUYING REMAINS NEAR ITS LOWS 

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