The best-informed market participants are taking advantage of record high U.S. stock prices to sell hard. Insider selling has exploded as earnings season blackouts have lifted.
The officers, directors and major holders required to file Form 4 with the Securities and Exchange Commission have sold $9.6 billion in May through Thursday, May 25. This month’s volume is set to surpass the six-year highs of $9.9 billion in February and $10.0 billion in March.
David Santschi is the CEO of TrimTabs, a division if Informa Business Intelligence.
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