That’s not a good sign
This is a story that’s doing the rounds, from the FT:
Corporate insiders – typically chief executives, chief financial officers and board members – sold a combined $19bn of stock in their companies through to mid-September, according to data from Smart Insider, a UK-based group
If that pace continues through year-end, it would hit $26 billion and that would be the highest since 2000 (an ominous year, no doubt).
Heavy sellers have been at Estee Lauder, Lululemon and the Walton family (Wal-Mart) who have sold $2.2 billion alone.