Reported about 12 hours ago
Despite the S&P 500 reaching record highs, corporate insiders are selling their shares at an unprecedented rate, with only 98 companies seeing purchases against 447 that had sales this month. This trend raises concerns about executives' confidence in their own stocks, even as record buybacks are announced by major firms like GE and Citigroup. Experts warn that while insider selling may not always indicate market downturns, it is a bearish sign that could reflect perceived risks in elevated stock valuations.
Source: YAHOO