Looks like corporate insiders have been watching your turnips. <g>
Message 15999885
Overall, the volume of insider sales jumped in May, having dropped off substantially the prior two months, says Lon Gerber, director of research at Thomson Financial/Lancer Analytics, which compiles insider-trading data. In dollar terms, the sell-to-buy ratio in May was $34 sold for every dollar bought, the highest, or most bearish, since the firm began tracking the data in 1996, and twice as high as March and April, when the ratios were 14 to 1 and 16 to 1, respectively.
Sales by corporate insiders typically outweigh purchases, largely because so much of corporate compensation now is in the form of stock and options. Still, that insiders ramped up their sales following the stock market's spring rally indicates "they weren't confident that the rebound would continue," Mr. Gerber says. |
