The headline above features in todays FT (link to article).

The article quotes research from TrimTabs as follows:

‘Share sales by so-called company insiders are outstripping purchases so far this month by more than 22 times. TrimTabs, the investment research company, said insiders of S&P 500 listed companies have unloaded $2.6bn in shares in June, compared with purchases of just $120m.

“The smartest players in the US stock market – the top insiders who run public companies – are not betting their own money on an economic recovery,” said Charles Biderman, chief executive of TrimTabs.’

See articles discussing this on followthedirectors as follows:

June 6th ‘Despite Greenshoots Insider Sales Spike’

May 4th ‘Directors selling shares. Is the market expensive?’