The long-time negative trend in insider buying and selling continued for the latest week as insiders clearly remain hesitant to purchase their own shares. Insiders sold a whopping $815.7MM while buying just 15.6MM for the week ending February 12th.
Buying was up slightly from last week, but remains very low in historical terms. Selling, on the other hand, surged from $490MM last week. The data was a bit skewed by heavy selling in Microsoft and International Speedway, but remained high even after subtracting this selling. It remains clear that insiders are very hesitant to make long-term investments in their own shares due to continuing negative hiring trends and little to no sign of organic revenue growth.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.