Last Week’s Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion
Insider trading data can often be telling. Generally, it isn’t easy to read for many people. Some might be surprised how many more insider sales there are than purchases. Keep in mind, insiders are generally obtaining their shares through option, grants stock grants, etc.
However, the disparity in the size of the insider transactions this past week could be very telling. I haven’t had a great feeling about the economy and have withdrawn from market activity a bit. There is still another debt crisis looming… Commercial mortgages. There is a slim chance that this can pass with companies finding ways to refinance and/or locating sources of funds to keep a non-performing property going.
We could take the insider sales transactions as a sign that the folks running corporate America may not feel that our prospects are as strong as this market is acting.
Within the past week there were a couple of fairly good sized commercial foreclosures. More to come…
Last Week’s Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion
Bob
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