Insider Stock Buying Surges to 8-Year High
- It’s a sign of executive confidence in corporate America
- Last spike preceded market bottom after equity sell-off
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A group of optimists who’ve proved prescient in the past have stepped up their buying even as U.S. stocks teeter on the brink of a bear market.
The number of corporate executives and officers scooping up shares of their own companies has doubled in the past two months from the prior two. As a result, insider buyers are outpacing sellers by the most since August 2011, data compiled by The Washington Service showed.