Posted by: jhamon | June 22, 2009

Never A Good Sign: Insiders Head For Exits

From Bloomberg:

June 22 (Bloomberg) — Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago.

Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show.

If they don’t want their stock, why should the public?  More here.

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