Wednesday, July 29, 2009

Insider selling soars

Despite a near 50% rally in the stock market and "better than expected" earnings across the board, we're continuing to see unprecedented levels of insider selling and record low levels of insider buying.  The buyers in recent weeks have accumulated just over $26MM in stock ($16.5MM of which was one buyer).  Meanwhile, the sells amount to over $300MM.  That's a staggering 1:30 ratio if you back out the one larger buy.