Insiders are selling

Despite a near 50% rally in the stock market and “better than expected” earnings across the board, we’re continuing to see unprecedented levels of insider selling and record low levels of insider buying. The buyers in recent weeks have accumulated just over $26MM in stock ($16.5MM of which was one buyer). Meanwhile, the sells amount to over $300MM. That’s a staggering 1:30 ratio if you back out the one larger buy.

My Comments: We've known about this for some time now and it obviously hasn't had any effect on price. They could be wrong and as prices keep moving up they are but if prices break sharply there are a lot less people willing to step in and buy.

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