The insider buying & selling data for the week ending November 13th worsened substantially. Total insider selling jumped to over $960MM vs last week’s reading of $729MM. Buying fell to the nearly non-existent level of $29MM. Sales by Bill Gates accounted for almost $200MM worth of the selling, but outside of these sales the selling was broad based. Despite a soaring stock market, insiders continue to exhibit very little confidence in their own companies through the use of their personal fortunes.
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