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INSIDER BUYING REMAINS NEAR ITS LOWS

20 April 2010 by Cullen Roche 1 Comment

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.

Cullen Roche

Cullen Roche

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Comments
  • CN

    How does the fairly brisk mergers and acquisitions activity square with the lack of insider buying? Could it be that insiders are waiting to see what the plans of their company are?

    04/20/2010 at 9:01 AM