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Insider Selling To Buying Ratio Hits New Record

  • Written by Syndicated Publisher 49 Comments49 Comments Comments
    November 22, 2010

    Against a backdrop of insider trading probes, the ‘other type’ of insider trading continues to go on by the truckload largely unnoticed.

    In the first full week of the latest iteration of post-QE2 POMO, which was supposed to see a dramatic ramp in stocks, the only thing we have seen is the biggest insider buying to selling imbalance since the data has been tracked. Overall, selling by S&P500 insiders was 8,279.5x times greater than buying (per Bloomberg). There were 5 insider buys for a total of $150,673, and 117 sales for a total of $1,247,500,249. There is no point to even discuss what this data point indicates.