Quote:
Originally Posted by Bladewire
"Insiders dumped $8.4 billion of their shares in May and $9.2 billion in June, according to an analysis of regulatory filings by TrimTabs Investment Research. That's the biggest two-month period of insider selling in a year."
"It's not over," Santschi said, "but the party is coming to an end."
CEOs are dumping stock in their companies. Here's what that means
"Right after the company tells the market that the stock is cheap, executives overwhelmingly decide it's time to sell," SEC Commissioner Robert Jackson Jr. said in a June speech.
Despite authorizing massive buybacks, insiders aren't buying much themselves.
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Classic pump n dump on a major scale !
