Mark Hulbert: Beware, Insiders are Selling
Mark Hulbert points out an “unmistakably bearish” stock market indicator in a recent MarketWatch piece. Insiders have been selling stock recently in a remarkable shift since a few weeks ago, according to Hulbert. Back in November insiders were buying their companies’ shares and Hulbert correctly pointed out a rally was imminent [link].
Hulbert writes this week:
For the week that ended last Friday, this sell-to-buy ratio for NYSE-listed shares listed stood at 6.67-to-1. That means insiders, on average, were selling nearly seven shares of their companies’ stock for every one that they were buying. One month ago, in contrast, the comparable ratio stood at 1.54-to-1.
Source: MarketWatch
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