The June insider buying/selling data is looking absolutely disastrous. In what can only be viewed as a massive vote of no confidence in their own companies we are actually seeing declines in the ratio of buying to selling from the previous months horrible data. Early data from TrimTabs shows that insiders among S&P 500 firms have sold $2.6B in shares since the start of June and have bought just $12MM. I’ve attached a complete list of recent insider buying along with a partial list of insider selling. The sales list is too long to post in its entirety. If the economy is in fact recovering America’s CEO’s sure aren’t putting their money on the line waiting for it to happen….
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