US insiders have bought $2.3 billion of their companies’ stocks year-to-date, the smallest amount in 10 years.
This is almost 50% below $4.3 billion over the same period in 2022 and below $3.0 billion seen in 2023, according to the Washington Service data.
To put this into another perspective, during the COVID CRASH in March 2020 they bought $1.3 billion in just one month exploiting a great buying opportunity after prices dramatically fell.
Officers’ and directors’ reluctance to buy could be a sign that stocks are currently too expensive and they are concerned about the future economic backdrop negatively impacting their companies’ earnings.
Additionally to lack of buying, insiders also sell at the most rapid pace in years. This trend has been described in the below market recaps.
It seems like executives are waiting for better prices after one of the most historic rallies in decades.
Why subscribe?
