Insiders Who Nailed Market Bottom Are Starting to Sell Stocks – Notable Insider Buys 7-24-20

According to Bloomberg, as U.S. stocks climb to their most expensive levels in two decades, the executives in charge of the companies benefiting from the rally are showing signs of anxiety.Corporate insiders, whose buying correctly signaled the bottom in March, are now mostly sellers. Almost 1,000 corporate executives and officers have unloaded shares of their own companies this month, outpacing insider buyers by a ratio of 5-to-1, data compiled by the Washington Service showed. Only twice in the past three decades has the sell-buy ratio been higher than now. Source: Insiders Who Nailed Market Bottom Are Starting to Sell Stocks … Read more

Bed Bath Beyond Dog Howls 17% Last Week after Insider Buy

Here is the link to the trades- Once again Bed Bath Beyond BBBY teaches us you can make a lot of money from a bad stock if you buy it right. That’s certainly what Director Suge Gove did after the Company reported earnings, the stock cratered, and every analyst trash talked the company down.  Gove scooped up 34,000 shares at $7.89 and by weeks end was up 17%.  Not bad, Suge; I bet you wish you could sell. Insiders are subject to short swing rules that prohibit doing just that.  BBBY seems on terminal descent with Amazon, Wayfair, and now … Read more

The Willing Suspension of Disbelief- Insiders are Scarce Week Ending July 10th

 Insiders buys were far and few in between last week. You can see them at this link to the trades- The most notable and outlandish was Harold Hamm’s monster buy of $47.6 Million of Continental Resources CLR at $17.77.  This is all the more remarkable since June, Hamm has bought $178 Million of this beleaguered oil and gas Bakken fracking pioneer.  Hamm has tons of this stock. Hamm is a big supporter of Trump who as much as he professes his love for the industry, the price of crude has cratered on his regime. Perhaps he feels oil will … Read more