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Can hundreds of stock-selling insiders be wrong?
The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized. But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago... Insiders sell like there's no tomorrow - Sep. 10, 2009 |
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Hmm, that is a little bit alarming....
It's fairly normal for insiders to exercise their options and sell within a certain range.... But I assume the article asserts that there is abnormal selling going on. It's never good sign with abnormal selling. However, as the article also stated, it may mean something and it may mean nothing. Also, with individual stocks, I would prefer to take it one case at a time. But anyways, I will definitely keep an eye out for a potential dip. Thanks for sharing! |
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