CHAPEL HILL, N.C. (MarketWatch) — Corporate insiders evidently believe that the stock market’s rally will soon run out of steam.
That’s because they recently have been selling the shares of their companies’ stock at a pace last seen since early 2007. Need I remind you that this was just a few short months before the Great Recession began?
Insiders, of course, are a company’s officers, directors and largest shareholders. They are required by law to almost immediately report to the SEC whenever they have bought or sold shares of their companies’ stock.
