{"id":714133,"date":"2010-04-12T05:49:05","date_gmt":"2010-04-12T09:49:05","guid":{"rendered":"http:\/\/www.businessinsider.com\/insider-buying-april-2010-4"},"modified":"2010-04-12T05:49:05","modified_gmt":"2010-04-12T09:49:05","slug":"and-as-earning-season-is-set-to-begin-insider-buying-hits-new-low","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/714133","title":{"rendered":"And As Earning Season Is Set To Begin, Insider Buying Hits New Low"},"content":{"rendered":"<p>(This guest post previously appeared at the <a href=\"http:\/\/pragcap.com\/\">author&#8217;s blog<\/a>)<\/p>\n<p>Insider buying cratered in the week ending April 9th as corporate executives refused to buy into the rally after the recent surge in stocks.&nbsp; Buying has been consistently light since the rally started last March, but was particularly light this week.&nbsp; Total purchases of just $2.1MM was the lowest level during the entire 75% equity rally though the weekly average has ticked slightly higher over the last 8 weeks. &nbsp; Meanwhile, the heavy stream of insider selling continued as insiders unloaded $824mm onto the market.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4bc2eb967f8b9ac43f3a0000\/chart.png?w=780\" border=\"0\" alt=\"chart\" \/><\/p>\n<p>Of course, insiders sell for various reasons so the high level of selling should be taken with a grain of salt, however, the very low levels of buying are clear evidence of skepticism with regards to the sustainability of any recovery.&nbsp; As evidenced in weak hiring trends and revenue trends corporate executives have yet to see much evidence that this recovery is anything other than a cyclical rebound as opposed to a new secular economic cycle.<\/p>\n<p>Buying was very light this week so there were few notable purchases:<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4bc2ebd07f8b9a463e360100\/chart.png?w=780\" border=\"0\" alt=\"chart\" \/><\/p>\n<p>Notable selling:<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4bc2ec077f8b9a613d3f0300\/chart.png?w=780\" border=\"0\" alt=\"chart\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/pragcap.com\/\"><strong>Read more market commentary at The Pragmatic Capitalist &gt;<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/insider-buying-april-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Nl4C49voHL8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This guest post previously appeared at the author&#8217;s blog) Insider buying cratered in the week ending April 9th as corporate executives refused to buy into the rally after the recent surge in stocks.&nbsp; Buying has been consistently light since the rally started last March, but was particularly light this week.&nbsp; Total purchases of just $2.1MM [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-714133","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2ZMh","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/714133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=714133"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/714133\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=714133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=714133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=714133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}