Bloomberg News: Corporate Insiders Dump Shares at Record Pace Amid S&P 500 Rally
Article by Esha Dey in Bloomberg News
Shares of US companies roared to a record this week, seemingly shrugging off worries about tariffs, immigration and inflation. Yet, company executives are doing something decidedly less bullish — they’re selling their stocks at a rapid pace.
A gauge of insider sentiment that tallies the number of buyers versus sellers shows there were just 98 companies where at least one insider purchased the company’s shares this month through Jan. 22, compared with 447 at which at least one insider sold, according to data compiled by the Washington Service. With a little over a week of trading left in January, that buy-sell ratio, at 0.22, is currently on track to be the lowest in data going back to 1988.
That amount of selling doesn’t usually inspire confidence with investors, since it suggests corporate leaders who run the companies lack conviction in their own stock. Yet such signals should be taken with .....