This page has been archived and commenting is disabled.

Only 177 Times More Insider Selling Than Buying In Last Week

Tyler Durden's picture


After hitting almost 10,000 a few weeks ago, insider selling has tapered off, and in the week ended December 10 insiders only sold a meager 177 more stock than they bought. There were 10 insider purchases of S&P companies for $3.4 million (of which one $2.6 million purchase of TIE stock accounted for 75% of the total), offset by just 136 insider sales totalling $605 million. Insiders who felt particularly compelled to share in their wealth effect included executives at Campbell Soup ($84 million), CVS ($55 million), Google ($54 million), Target ($28 million), and Ameriprise ($24 million). Other insiders who are applauding the Chairman's attempt to stimulate the economy by pushing the Dow to 36,000 (and the price per gallon to $360) included those working for Amazon, Salesforce, Freeport McMoRan, Stabucks, AvalonBay, and another 126 companies. Luckily, there is more than enough HFT buying interest to levitate said stocks into these major offers and offset any selling pressure. In the last 3 months alone insiders have sold just under $10 billion once again confirming just who it is that is benefiting the most from the Chairman's experimentation in monetary lunacy.

Source: Bloomberg


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/13/2010 - 15:57 | 802352 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

These people don't know a bargain when they see it.

Mon, 12/13/2010 - 15:59 | 802362 Sudden Debt
Sudden Debt's picture

they just aren't interested in a possible 5000% return

Mon, 12/13/2010 - 16:20 | 802447 chopper read
chopper read's picture

fucking too funny!!!

Mon, 12/13/2010 - 15:58 | 802355 Sudden Debt
Sudden Debt's picture

as the FED is the biggest shareholder in the stockmarket, maybe it's them who are unloading?

Mon, 12/13/2010 - 15:58 | 802360 Sean7k
Sean7k's picture

Which should remind us all, if you don't spend it before the inflation is realized in new prices, you can't profit from inflation. 

Mon, 12/13/2010 - 16:00 | 802368 Sudden Debt
Sudden Debt's picture




Mon, 12/13/2010 - 16:02 | 802377 Sean7k
Sean7k's picture

If you sell your shares, you can spend what you DO have...

Mon, 12/13/2010 - 16:00 | 802370 TruthInSunshine
TruthInSunshine's picture

Breaking news...Abby Joseph Cohen said this will be "quite bullish for some time to come, and revamped her year end S&P target to 1776."

Mon, 12/13/2010 - 16:02 | 802376 RobotTrader
RobotTrader's picture

Can't blame these guys for selling.

It's been a huge run off the 2009 lows.

No doubt, chips are being cashed in to buy the following:

- Russian escort services

- The latest high end supercar

- Another $2 million condo in Aspen

- Pile more money into a private equity fund

- Buy a distressed office building or shopping center

Or any number of other uses.

Mon, 12/13/2010 - 16:04 | 802384 Mr Lennon Hendrix
Mon, 12/13/2010 - 16:11 | 802409 pamriallc
pamriallc's picture

^^^^^^^^^^^^   Hilarious.

It has absolutely been a great run so far.  These guys have also seen the problems with too much personal exposure to any one stock.  This causes the professional community to really turn the heat up on executives who are overexposed in their own shares.  Consider Steve Ballmer who unloaded *huge* recently and -$2.00 below today's price.

I have personally seen clients who blew out of lots of things just to cover themselves if there wasn't a tax deal struck this year as well; so as I have mentioned previously, the best places to look for "activity" are on the buy-side of the market.  Focus only on what you personally own.  Forget the rest.

"Insiders sell for any number of reasons.... They buy for only one reason..."  Peter Lynch


Shawn A. Mesaros, Pamria, LLC

Mon, 12/13/2010 - 17:18 | 802657 pomogranate
pomogranate's picture

I'm certainly not high enough in the food chain to appear on these lists, but I have employee options that would have expired had I not exercised them before year end.

Mon, 12/13/2010 - 17:41 | 802736 blunderdog
blunderdog's picture

Yeah, you forgot "luxury home decoration materials" or something like that.

Mon, 12/13/2010 - 16:08 | 802399 Sophist Economicus
Sophist Economicus's picture

I think the Chairman B-squared forgot to send these guys the 'Buy the Dip' memo.


Mon, 12/13/2010 - 16:36 | 802516 Raynja
Raynja's picture

That's because it was only addressed to sheeple

Mon, 12/13/2010 - 16:13 | 802415 Sophist Economicus
Sophist Economicus's picture

Music to watch the SPX by:

Mon, 12/13/2010 - 16:13 | 802418 cougar_w
cougar_w's picture

Green shoots!! Yeah baby!!1!one!

It's been a long time since anyone has mentioned green shoots. And you're welcome.

Mon, 12/13/2010 - 16:19 | 802444 Sudden Debt
Sudden Debt's picture

and if you pull my finger, I'll shoot something brown to!

Mon, 12/13/2010 - 16:20 | 802456 TexDenim
TexDenim's picture

Thank goodness! The buyers are back at last!

Mon, 12/13/2010 - 16:39 | 802529 jus_lite_reading
jus_lite_reading's picture

What do insiders know anyways?!

Mon, 12/13/2010 - 17:00 | 802596 cougar_w
cougar_w's picture

Ding ding. Winner!

Mon, 12/13/2010 - 16:46 | 802553 erik
erik's picture

The bubblers are taking it on the chin today.  NFLX, CMG, DECK, CRM, CSTR, FFIV.

The leader of the pack Nasdaq looks like it'll finish red.  Looks like we are getting some divergences here.  Commodities up, bubblers down.

The SPY volume is anemic today.  A couple more days of divergences as the EUR-USD climbs, and we'll have a nice tradeable top in place.

Mon, 12/13/2010 - 16:48 | 802560 SheepDog-One
SheepDog-One's picture

Insiders dump directly to Ben Bernankes print n pump. Brilliant. But very short lived 'economic policy'.

Mon, 12/13/2010 - 16:51 | 802568 Sophist Economicus
Sophist Economicus's picture

I'd like to dump directly on Ben too...on second thought, this may be too private a feeling to share in an open forum like this...

Mon, 12/13/2010 - 16:59 | 802591 SheepDog-One
SheepDog-One's picture

LOL nice tank into the close....whole market is nothing but an empty frothy churnfest.

Mon, 12/13/2010 - 17:06 | 802615 TruthInSunshine
TruthInSunshine's picture

nice tank into the close....whole market is nothing but an empty frothy churnfest.


And with the big sharks smelling blood in the water, a chum fest, too!

Fresh bait!

Mon, 12/13/2010 - 17:10 | 802632 Biggus Dickus Jr.
Biggus Dickus Jr.'s picture

Chum? Let's see!

Mon, 12/13/2010 - 17:20 | 802663 pomogranate
pomogranate's picture

as usual ... absolutely no data to show market's historic forward returns for a given level of insider selling: buying ratio.  all just noise.

Do NOT follow this link or you will be banned from the site!