Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life
Animal spirits are picking up. This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap. Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share. CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more