The latest data on insider buying and selling showed little change in the bearishness of corporate insiders. For the week ending March 26th, insiders bought just $38MM in stocks while at the same selling $999MM. Both buying and selling were down from last week’s reading (see here).
Insiders have been skeptical of the sustainability of the rally as they have seen meager gains in sales growth over the course of the “recovery”. While selling has been remarkably high, it is the low levels of buying that remains most worrisome.