Opinion: Strong insider buying suggests a 15% rally in the S&P 500 from here
3 stocks insiders really like
One of the troubling things about this market downturn is that as brutal as it got, corporate insiders never showed much interest in their discounted stocks.
That’s changed in a big way. They’re bullish now — signaling the stock market is oversold and due for at least a short-term bounce if not more. Using history as a guide, the S&P 500 SPX, +0.95%, the Dow Jones Industrial Average DJIA, +0.60% and the Nasdaq Composite COMP, 1.51% stand to advance 15%-20% over the next three months.
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