Insider Selling Soars
July 22nd, 2020Via: ZeroHedge:
Four months later, with the S&P now back to just a whisker away from all time highs, and a handful of tech stocks at never before seen levels…
… insiders have had enough and, confirming that valuations are in some cases even beyond dot com levels, have turned from rabid buyers into sellers with data from The Washington Service showing that nearly 1,000 corporate executives and officers have sold shares in their own companies this month, outpacing insider buyers by a ratio of 5-to-1.
How big is this insider selling frenzy in context? According to Bloomberg, “only twice in the past three decades has the sell-buy ratio been higher than now.”
