Executives at U.S. companies are taking advantage of the huge market rally to unload stock… Insiders at S&P 500 companies are dumping their shares at the fastest pace since June 2007 (two months before the credit markets froze) and have been net sellers for 14 straight weeks. So far this month, insiders at S&P 500 companies have sold $2.6 billion in stock… more than 22 times the number of purchases.
The message these executives are sending is clear… They do not believe their companies’ fundamentals merit the current, inflated share prices. Buyer beware…
