MarketWatch has a report out that details a recent research note from Trim Tabs on insider selling. I’ve covered this topic thoroughly here and here, but it’s interesting to note that Trim Tabs is also picking up on the increased selling as the rally picks up steam.
SAN FRANCISCO (MarketWatch) — As the stock market rallied in recent months, company insiders have been selling, a sign that investors should exit, too, TrimTabs Investment Research said Monday.
“As investors have turned more upbeat, the smartest money in the stock market has been leaving the party,” TrimTabs wrote in a note to clients.
“The message the ‘house’ is sending is clear — investors should get out of the stock market,” the firm concluded.