FYI: Corporate insiders have reacted to the stock market’s recent selloff by increasing their buying, and that’s an encouraging sign.
This suggests they think recent drops in benchmarks like the Dow Jones Industrial Average DJIA, +1.43% and S&P 500 index SPX, +1.88% are only temporary, and that their companies’ shares will soon be trading for higher prices.
Insiders, of course, are a company’s officers, directors and largest shareholders. They presumably know more about their firms’ prospects than do us outsiders, which is why it pays to pay attention to them. Fortunately, since the Securities and Exchange Commission requires them to report almost immediately whenever they buy or sell their companies’ shares, that is relatively easy to do.
Regards,
Ted
https://www.marketwatch.com/story/as-stock-markets-skidded-this-month-company-insiders-boosted-their-buying-2019-08-09/print
