Tuesday, January 04, 2005
How odd. Since the economy's doing so great, why are the insiders bailing?
The rats with the most to lose leave the ship first, I guess:
U.S. executives sold $41 billion worth of their own companies' stocks in 2004, the second-highest level since 1990, according to Thomson Financial.
Insider sales in 2004 jumped 40 percent over 2003, with the first and fourth quarters seeing the highest three-month sell volumes. Large insider stock sales often precede a drop in stock prices, analysts said.
(via Reuters)
