Insider Buying Week 02-23-24 Is Following Insider Buying Dead as a Strategy?
Insider buying has been noticeably scarce in this bull leg of a market making all-time highs. The small amount of buying is not performing particularly well either. You might find this news surprising from a hedge fund manager who has made a living reading these tea leaves for 23 years. Take last Thursday, February 22nd, the morning after Nvidia reported blockbuster earnings. I’m tracking about 400 stocks where insiders have purchased at least $200,000 of their company’s stock in the last year. This number has remained constant at 300-400 for the last 23 years. The average returns of those stocks … Read more