Company Insiders Aren’t Buying Their Own Stocks Amid Market Spasms
Equity bulls looking for a bottom to this year’s broad selloff see plenty of hopeful signs, from extreme oversold market conditions to souring investor sentiment. Yet one factor that’s reliably foretold an end to past routs is missing: a corporate insider buying spree.
Executives in charge of U.S. companies, whose purchases correctly signaled the bear-market bottom in March 2020, are still largely shying away.
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