As we noted last week insider buying has jumped in recent weeks as stocks have swooned and insider’s have taken advantage of the downturn. The recent spat of buying was the largest weekly buying since the depths of credit crisis near the market lows in 2008. Insiders bought 31 million USD worth of stock last week while selling over 588 million USD. Selling remains staggeringly high when compared to buying, but the buying data remains the far more useful indicator in terms of market direction.
in The Pragmatic Capitalism
Related: Legg Mason, Inc. (Public, NYSE:LM) and Saul Centers, Inc. (Public, NYSE:BFS)