Top CEO's lose confidence in economy sell off personal stock $17.6billion in 2 months
 

"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

"Large US companies have become cash machines for the top insiders who run them," said David Santschi, director of liquidity research at TrimTabs.

In fact, insider selling accelerates immediately after buybacks are unveiled, according to a recent SEC analysis. The study found that in 2017 and early 2018, the percentage of insiders selling stock more than doubled immediately after buyback announcements.

"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.

"It's not over," Santschi said, "but the party is coming to an end."

Classic pump n dump on a major scale ! :pimp

O M G The BIGGEST SELLOFF IN A YEAR!!!!!!!1!!!!!

RUN FOR THE HILLS!! ITS THE APOCALYPSE!!!

CEOs from companies with total market cap of 176 TRILLION SOLD OFF .01%!!!!111!!

Classic pumo & dump is illegal.

This is doing large scale stock buybacks on the front while the market is high & rates are high artificially inflating the market (unusual), and selling private stock on the backend while the stocks are high (not unusual) at the highest rate in history.

Insiders/owners cashing out now indicates the beginning of the down curve on an artificially inflated stock market.