Last week’s spike in insider buying proved to be short-lived. For the week ending March 12th total insider buying fell back near its 2010 low at $15.65MM. Selling remained extremely high at $858MM. All in all the data continues to reflect the very low faith in the economic recovery by corporate insiders. The weak trends in capital expenditures and hiring are consistent with this lack of faith in the sustainability of the recovery.
There were no notable buys this week, however, the selling in the tech sector appears to be picking up. Not surprisingly, insiders are using the high beta rally to take some profits.
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.