Insider Buying Dries Up Defying $275 Billion of Buybacks
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American companies have seldom spent more money than they are now buying back shares. The same can’t be said for their executives.
A total of 7,181 insiders bought their own stock this year through Sept. 12 and 23,323 sold shares, according to data compiled by Bloomberg and Washington Service. The ratio of buys to sells is near the lowest since 2000. At the same time, corporate repurchases reached $275 billion in the first half of the year, the second busiest since S&P Dow Jones Indices began tracking the data in 1998.