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One Purchase Pushes Weekly Insider Selling To Buying Ratio From 336x To 14x
One look at last week's insider transaction list confirms that the deluge of insider selling refuses to end, and is now well in the double digit billion category in recent months. S&P Insiders sold $512 billion in notional in the week ended December 17 per Bloomberg, slightly above the 6 month average, with the top five sales taking place in Google, Ralph Lauren, UnitedHealth, General Dynamics and Starwood Hotels: in these five names alone executives sold nearly $200 million worth of stock. On the buy side, one purchase skewed the distribution to the tune of 96%: an acquisition of TIMET stock (TIE) for $34 million represented nearly all of the $35.7 million in insider purchases in the past week. Incidentally this is the second week in a row in which we have observed material purchasing in TIE, with $2.6 million in Titanium Metals purchased last week (when it accounted for 75% of all insider buying). And with this week's TIE purchase, the insider buying recorded in the past week is the biggest we have seen since beginning to keep track of insider transactions.
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Meanwhile, I'm watching the car companies to see when they roll over.
I think they crack first if this market were to fail.
But as of today, Ford, TRW, American Axle, CarMax are all pinned at 52-week highs.
Totally unfazed by Euro gyrations, PIIGS riots, collapsing muni bond markets, inflation/deflation debates, ad nauseum.
Gubment printing and pumping totaly unfazed!
Are insiders selling to raise cash for acquisitions or because they fear a crash?
hey, mind if I share your thread?
Can we* expand on what the article is hinting towards re: Titanium Metals? What is this saying for resources (depletion) on the whole? Baltic Dry (after doing a cursory search on ZH) seems to be going steadily south. What we sayin, Macroviewers?
* = someone smarter than me.
It's impossible to draw any conclusions from this without knowing who did the insider buying and why they did it. It might imply something bullish for TIE or for titanium or precious metals as a whole, but there's no way to be sure.
The cash from bond sales would appear to be moving into CHF today.
You can never have enough money. $500million in annual compensation can feed how many people?
three; my ex-wife, her sister and my brother in law.
Buy da f'n dips insiders!
$512 BILLION? I think you meant $512 million or am I reading it wrong?
IN other news:
"The FBI is assembling a massive database on thousands of Americans, many of whom have not been accused of any crime, the Washington Post's Dana Priest and William Arkin report."
sweet..
Gold, Euro, Crude...
Looks like they all reversed off the morning lows.
Bears need to brace themselves.
Funny Robo...you actually would like to think there any bears left...?
It would probably make you feel better...but the reality is simple...when the EPIC freefall occurs...even the bears will be caught off guard.
No bid is no bid...stops won't matter unless you are an "elite" with friends at HFT Central.
Just curious to see the historical record on insider buyer/selling. Since employees often get stock/options as compensation it seems that there would always be more insider selling then buying.
Tyler. Is there or can you build a link that provides access to each of the weekly charts as to view monthly, yearly, total transactions, etc.?
Hmmm titanium, they use it in fighter jets, I think we're going to be in a war soon, not the pretend wars we're in now where we kill peasants armed with AK47s with video guided bombs and remote controlled missiles but the kind of wars where our enemies take out our dams & powerplants and ports-the kind of stuff we did to Iraq & Serbia.
i don't get it. there is like 30 smth weeks in a row of outflows from mutual funds ( i forget how many billions), record amounts of insider selling every week, and yet we're told that every financial news letter in the universe is all-in and bullish sentiment is way to high for the stock market to keep going up. how can there be such a dichotomy?
No prob. if you OWN a PRINTING PRESS!
I'll take CONTRAN CORP for 34 Million Alex!
Ding, ding, ding Daily Double!
http://biz.yahoo.com/t/24/192.html
Eu is on fire again .. Greece near 12% ! Ireland going to 9%..
when it blows it's going to be great!
euro going to ... 0.90
EUR to .90 well I like that, for a change we could go over to shop for less, eh?!
Must. Look. here.. NK. Kim.. Jong.. SK..
Hmmm...TIE insider buying shares. Didn't they just land a HUGE Saudi American deal for Titanium. What did he know and when did he know it???? Nothing to see here..... keep looking else where.
Does anyone know where this data is coming from?
I.e. how can we access?
long
gold covered
titanium bars ...
My initial reaction was the same as SmittyinLA. Titanium is for jet engines. Since civilians are not ordering a lot, that means military. My other thought is that the mines of a competitor are playing out, and it has been discovered. I guess it is not insider trading if you buy your own stock on a juicy secret, but I've never been put in such a position.