As Investors Panic, Ceos Vote With Their Wallets For Local Companies
AUGUST 23, 2011
“Across the country, thousands of corporate insiders, including dozens in the Washington area, have taken this month’s panic selling as an opportunity to buy nearly $2 billion worth of their shares at the lower prices. Experts say the massive buying volume may be a sign that chief executives don’t think the economy is as bad as investors fear.” (Washington Post)
Insider trading produces valuable information even as it runs on other information.
FEE Timely Classic
“Inside Insider Trading” by Warren C. Gibson