Insider Selling Soars with Rally

Insider selling surged in the latest week from $960MM in sales to over $1.39B. Buying made a drastic improvement from $29MM to over $166MM. The improvement in buying is a positive sign, but the vast discrepancy in selling continues to overshadow the buying.

Insiders are clearly viewing the run-up as a selling opportunity. This is consistent with the very tepid recovery we’ve seen in organic revenue growth thus far during the economic rebound. Executives are still unlikely to invest their personal fortunes in the companies they run due to the fact that they aren’t seeing the organic growth that so many equity buyers are hoping will develop once the government steps aside and stops propping up the economy.

Thus far, there are little to no signs of this occurring and this is perhaps most evident in the personal use of insider buying and selling.

Latest buys

Latest sells

Comments

[gambitrader]

Great insight!

2009 Nov 23 05:53 AM

[MarketGuy]

When in Rome...

2009 Nov 23 06:59 AM

[Duke of Con Dao]

insider selling eh?
while you’re away the squid will play! but I came up with an ingenuous solution to make sure the evil Goldman Squid, when not doing God’s work, will get its comeuppance!
In the following YouTube vid mash-up on our hero in Old Boy (great Korean film)
realizes that to Defeat It you must Eat It!
www.youtube.com/watch?...

duke

2009 Nov 23 07:35 AM

[Cliff Wachtel CPA]

Source for this info? You say SEC filings? Can you be more specific? A specific web site or link? thx

2009 Nov 23 08:08 AM

[Myny]

Looks like finviz.com/insidertrad..., which supposedly is taken from sec filings. hope this helps


On Nov 23 08:08 AM Cliff Wachtel wrote:

> Source for this info? You say SEC filings? Can you be more specific?
> A specific web site or link? thx

2009 Nov 23 08:37 AM

[Moon Kil Woong]

So who's buying up all the sellers, especially at the end of the day every day? It still has us all scratching our heads. Even traders brace for the last 5 minute push up these days. And is there any chance the government is somehow subsidizing someone? Conspiracy theories abound mainly because the government and the Federal Reserve has lost all semblance of honesty, transparency, and forthright behavior.

2009 Nov 23 09:42 AM

[doubleguns]

Its very simple. Sell high--buy low. I would say insiders know whats coming.

2009 Nov 23 10:20 AM

[Windsun33]

If you discount one batch of buys for OBTV, insider buying actually fell considerably. One single transaction alone was $76 million, or 3x the increase in buying.

While some selling is pure profit taking, the breadth of insider selling overall does not indicate a lot of confidence in the future. And most of the buying seems to be for small and microcaps, while much of the insider selling is for much bigger names.

2009 Nov 23 10:37 AM

[Donald Ingram]

The demand for short term T-bills pushed the rates negative as of Friday, I think all this insider selling cash is going into T-bills or precious metals for safe keeping. Seen the same thing happen just before the last melt down. Could the second one be close?

2009 Nov 23 12:03 PM

[Glen L.]

"Here on the inside, outside's so far away..."

Jethro Tull, c. 1970

2009 Nov 23 06:53 PM