Here's How Many Shares Big Tech CEOs Have Already Dumped This Year
https://www.zerohedge.com/markets/heres ... umped-year
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.
As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average.
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.
As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average.
behappyalways wrote:Nancy Pelosi Urges Support Of $50 Billion 'CHIPS' Bill Hours After Disclosing $8 Million Nvidia Stake
https://www.zerohedge.com/markets/nancy ... disclosing
More than 1,100 corporate executives and officers snapped up shares of their own firms in May alone.
It was the biggest ratio of buyers to sellers since March 2020, the last bear market bottom.
Corporate share repurchases can be a tremendous contrarian indicator.
Buybacks should be the smart money in the market. Instead, they are the opposite.
The reality is that when the economy is great and share prices are high, the big banks – and most of corporate America – buy back stock aggressively.
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