Insiders! Huge amount of officers and directors selling
Last week one of the largest weekly “insiders” stock sales by offcers and directors occurred. These most informed of all investors (they work at these companies) reported approximately $23,000,000 of purchases by the “insiders” but at the same time they reported an enormous $578,000,000 in sales of their own companies shares. Insiders have been selling very heavily over the last year and this level of selling generally occurs during periods when the stock market is making a major top. HOWEVER, we can find many stocks that are very undervalued and are being bought by their own officers and directors.