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SOME OPPORTUNISTIC INSIDERS SWEEP IN AMIDST SELL-OFF

13 May 2010 by Staff 2 Comments

Though it was a very brief sell-off last week there were signs of a few optimistic insiders who made purchases of their own shares.  Insider buying for the latest week recorded its highest 4 week moving average since May of 2009.  Total buying for the latest week came in at $28.7MM.  Selling, on the other hand, remained extremely high with insiders selling $1.1B in stock.  Selling was down marginally from last week while buying was higher.

Although this minor blip is far from a raging bull sign, it is the first remote sign of optimism from insiders since stocks tanked during the financial crisis in late 2008 when insider buying jumped to its 2 year high.

Notable buying:

Notable selling:

Source: FinViz

Staff

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Comments
  • ilene

    Hi Pragcap, do you have a chart that goes further back on insider buying? Thanks! – Ilene

    05/13/2010 at 10:46 PM
  • Geoff Garcia

    I couldn’t help but add up the $$ in the value ($) column.

    7 figure purchases were around ~10 mil
    7 figure sales were > 400 mil

    While it is nice to see a lot of green on the chart (and FinViz is great for that), I’m not sure how positive this is.

    05/20/2010 at 4:43 PM