Published on 4 Apr 2024 on Insider Monkey via Yahoo Finance
11 Overvalued Stocks Insiders are Dumping Now
In this article, we will take a detailed look at the 11 Overvalued Stocks Insiders are Dumping Now. For a quick overview of such stocks, read our article 5 Overvalued Stocks Insiders are Dumping Now.
Wise investors almost always keep track of corporate insider activity because paying attention to insider sentiment has proven to be a successful strategy several times in the past. For example, when markets were wavering amid the coronavirus crisis, insiders started piling into stocks like crazy in March 2020. In just about 20 days insiders bought $1.19 billion in company shares. Later events proved that they were right. Markets were quick to roar back to new highs driven by stimulus packages and rising consumer spending. Insiders were also selling in November 2021, when the Federal Reserve was getting ready to start cutting interest rates.
Tracking Insider Buying and Selling: Performance Through the Years