FT Advisors has some nice factoids out today about last week's market activity. One stat from last Tuesday, Feb. 5, shows that corporate insiders are heavily accumulating shares:
Tuesday, February 5, 2008 — Corporate Shares
CEOs and other executives in Corporate America are buying more shares of their companies' stock than they are selling for the first time since 1995, an indication they believe the market is undervalued, according to Bloomberg. The last seven times insiders bought more than they sold the S&P 500 rallied an average of 21% in the following 12 months.
Monday, February 11, 2008
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3 comments:
That is very interesting. Do you have any idea if this trend is prevalent in a certain sector?
i think its just measured scross the S&P 500, so there isnt any sector breakdown of which im aware
Outside buying
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