Executives at Research In Motion Ltd. have refrained from buying the company’s shares for the longest period in at least six years. Now investors are wondering if the mobile-device maker famous for its ubiquitous BlackBerry phones is skittish about its own prospects.
RIM insiders haven’t reported buying shares on the open market since July 2010 as its stock fell 60 percent, according to data compiled by Bloomberg. Instead, they sold stock at least 11 times over that span. At least 55 of the other 59 companies in the S&P/TSX 60 index of Canada’s largest and most-traded stocks have had insider purchases since July 2010.