The trend in high levels of insider selling and low levels of insider buying remain unchanged this week as executives continue to sell into the rally. Of course, they’re not the only smart money that is now selling into the rally. Institutions recently turned neutral on markets after have been bullish on equities for the last 6 months.
For the latest week insiders sold $841.9MM worth of stock while buying just $37.7MM. Notable sales include sales from Goldman Sachs executives:
Insider buying remains heavily skewed by buying in Open TV (OPTV) where insiders purchased over $25MM or 67% of the total buying. Outside of the buys, insider buying remains disturbingly low:
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.