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Disclosure of insider selling is required by law and executives who sell stock in their own companies are required to report it for the benefit of shareholders and other investors. It is these required reports which prompted this AP wire story – FTW…
AP- … insider-trading trackers at Thomson Financial say the recent selling bonanza is "particularly noteworthy."
Some $6.6 billion in insider stock sales took place last month, the highest level since the $7.7 billion in sales tallied in August 2000, [the dot.com and biotech meltdowns] according to Thomson. Contrast that with the $144 million worth of stock that was bought by insiders last month.
The most selling came from in the financial sector, where executives sold $882 million of their own stock in November, and health care companies, whose insiders sold $734 million worth of shares. Selling in both sectors was double the five-year monthly average, according to Thomson. - Source
The Financial Accounting Standards Board proposed in March that options expensing will become mandatory starting next year.
Originally posted by Netchicken
... especially the companies publically saying "invest in us" and their own managers are selling as fast as possible....