THE PRAGMATIC CAPITALIST » » INSIDER SELLING CONTINUES TO SOAR, BUYING LOW

INSIDER SELLING CONTINUES TO SOAR, BUYING LOW

10 September 2009 by TPC 3 Comments

Insider selling for the latest two week period totaled $254MM while insider buying totaled $163MM. The headline figure is misleading, however, as $150MM of the buying comes from one purchase by Enterprise Products billionaire Chairman, Dan Duncan. Minus the Duncan purchase, the selling to buying ratio remains at an extraordinarily high level of nearly 20:1. All in all, corporate insiders continue to exhibit very little confidence in their own shares via the use of their personal dollars.

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Sources: Finviz, insidercow.com

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3 Comments »

Jeff said:

This is an interesting interview with Merideth Whitney on CNBC today

http://www.cnbc.com/id/15840232/?video=1248577487&play=1

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# 10 September 2009 at 6:01 AM

Eric said:

I see a decent reversal coming today, just have that feeling. Good luck all.

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# 10 September 2009 at 6:18 AM

TPC (author) said:

It’s amazing that we are celebrating 550K jobless claims almost 2 years into a recession. I can’t say that I ever remember such a prolonged “better than expected” rally….