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Executives are buying stock in droves, giving a ‘strong’ signal that the comeback is for real

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Dell CEO Michael Dell

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Executives are loading up on their company shares as the coronavirus-driven sell-off dents the broader market, signalling the heads of U.S. businesses are confident their companies will rebound. 

The heads of Dell Technologies and Wells Fargo are purchasing shares while outsiders ditch riskier assets, sucking trillions in value from the U.S. stock market in recent weeks. 

The ratio of companies with insider buying compared to insider selling is at 1.75 for March, its highest level since March of 2009, according to Washington Service, a provider of insider-trading and data analytics. Typically, that ratio is below 1, meaning more executives are selling…



Source cnbc.com

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