Corporate Insiders Aren’t Betting on a Market Rebound
U.S. stocks have been on sale of late, but corporate insiders aren’t finding many bargains. Insider sentiment, measured by the trailing three-month average ratio of companies whose executives or directors have been buying stock versus selling, has dropped for six consecutive months, according to data from InsiderSentiment.com. That is the longest such decline in almost two years. Insiders typically have greater insight on the business outlook, and the fact that they haven’t been scooping up their own stocks as the market…