Corporate Insiders Are Dumping Stocks
August 27, 2019
Corporate America appears to be showing doubts about how long the current economic expansion will continue. Corporate insiders, such as executives, directors and leading shareholders, have sold an average of $600 million of stock every day in August, according to TrimTabs Investment Research. That puts August on track to be the fifth month this year where insider selling hits $10 billion. The last time this happened was 2007, just before the financial crisis.
The current selling pattern could suggest that corporate insiders are losing confidence in the performance of the markets.