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Posted On: 03/19/2020 8:56:48 PM
Post# of 32968
Wonder what happen to VERB Insider buying that just stopped at EOY.
Two of my other stocks, insiders where buying the hell out of them.
Where is 10Q?
Was a nice finish today.
Insider Buying Surpasses Insider Selling For First Time In 10 Years
10:10 am ET March 16, 2020 (Benzinga) Print
For the first time in at least 10 years, there is more insider buying than insider selling on Wall Street.
Last week, company insiders purchased an aggregate $682.8 million in stock as the market sold off, according to InsideArbitrage. That buying was up from just $278.6 million in the previous week and outpaced total insider selling of $668.5 million.
While insider buying may seem like a bullish signal on the surface, InsiderArbitrage founder Asif Suria said Sunday that Wall Street insiders tend to be overly optimistic when it comes to their own companies.
“We have been bearish for several weeks now and have written about showing restraint despite the insiders stepping up their insider buying because insiders as a group generally tend to be optimistic about their own companies, sometime buy to ‘signal’ the market and like value investors often tend to be early,” Suria said.
Two of my other stocks, insiders where buying the hell out of them.
Where is 10Q?
Was a nice finish today.
Insider Buying Surpasses Insider Selling For First Time In 10 Years
10:10 am ET March 16, 2020 (Benzinga) Print
For the first time in at least 10 years, there is more insider buying than insider selling on Wall Street.
Last week, company insiders purchased an aggregate $682.8 million in stock as the market sold off, according to InsideArbitrage. That buying was up from just $278.6 million in the previous week and outpaced total insider selling of $668.5 million.
While insider buying may seem like a bullish signal on the surface, InsiderArbitrage founder Asif Suria said Sunday that Wall Street insiders tend to be overly optimistic when it comes to their own companies.
“We have been bearish for several weeks now and have written about showing restraint despite the insiders stepping up their insider buying because insiders as a group generally tend to be optimistic about their own companies, sometime buy to ‘signal’ the market and like value investors often tend to be early,” Suria said.
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