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

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FunkyMonkeyBoy's picture

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

Sudden Debt's picture

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

Sudden Debt's picture

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

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. 

Sudden Debt's picture

THAT'S THE SPIRIT!!

SPEND WHAT YOU DON'T HAVE!!!

VIVA EL PLASTIC!!!

Sean7k's picture

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

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."

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.

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

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.

blunderdog's picture

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

Sophist Economicus's picture

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

 

Raynja's picture

That's because it was only addressed to sheeple

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.

Sudden Debt's picture

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

TexDenim's picture

Thank goodness! The buyers are back at last!

jus_lite_reading's picture

What do insiders know anyways?!

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.

SheepDog-One's picture

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

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...

SheepDog-One's picture

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

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!

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.