If insider selling is an indicator of the future direction of stock, then certain equities may soon be taking a bath.
As the stock market enjoyed its sharpest increase since 1938, a massive sell-off of stocks by executives and insiders of U.S. corporations followed in the wake of that upturn, according to Bloomberg.com.
Insiders sold off NYSE-listed stocks at a more than eight-to-one dollar ratio over what they bought, according to Washington Service, which tracks corporate insider stock transactions.
Insiders bailing out of stocks
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Insiders bailing out of stocks
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