Net Insider Trading goes positive again
After selling into year-end market strength to close out the year, net weekly net insider trading transactions (the number of individual buyers minus sellers) has finished January on a slightly positive note, as many insiders appear to have taken advantage of the market weakness to increase their net holdings.
One of the data items that Sabrient tracks is Net Insider Transactions. Rather than look at the total dollars traded—which continues to run strongly to the sell side—we prefer to add up the number of unique insider purchasers during the week minus the number of insider sellers, as reported to the SEC on Form 4 – open market transactions. In essence, we look at each buyer or seller as casting a “vote” on their company stock, which we have found can be quite meaningful. Read more…
