Executives are selling off their company's stock
The rich executives are dumping their stocks before October which is traditional the month stocks go way down in value!
serf
With September not yet over, stock sales by company executives reached $5.7 billion, according to data from TrimTabs Investment Research -- the highest September in a decade. August's $10.3 billion in insider sales also reached a 10-year record. even while buying some back to grease the pumping effect.
serf
https://www.cbsnews.com/news/insider-stock-sales-by-company-executives-soar-to-a-record-pace/
Instead, what we are seeing is that executives are using buybacks as a chance to cash out their compensation at investor expense." In June, a group of senators asked the SEC to review its buyback rules.
At the same time, stock buybacks are roaring ahead, pumping up U.S. share prices to new heights. Companies this year have announced $827 billion in spending to purchase their own shares -- well above the buybacks that took place during all of 2007, which set the previous annual record.
"Insiders have been committing lots of money for stock buybacks, and they're not doing buybacks because they think stocks are cheap. They're doing to it to pump up the stock so they can sell it," said David Santschi, director of liquidity research at TrimTabs.
serf
With September not yet over, stock sales by company executives reached $5.7 billion, according to data from TrimTabs Investment Research -- the highest September in a decade. August's $10.3 billion in insider sales also reached a 10-year record. even while buying some back to grease the pumping effect.
serf
https://www.cbsnews.com/news/insider-stock-sales-by-company-executives-soar-to-a-record-pace/
Instead, what we are seeing is that executives are using buybacks as a chance to cash out their compensation at investor expense." In June, a group of senators asked the SEC to review its buyback rules.
At the same time, stock buybacks are roaring ahead, pumping up U.S. share prices to new heights. Companies this year have announced $827 billion in spending to purchase their own shares -- well above the buybacks that took place during all of 2007, which set the previous annual record.
"Insiders have been committing lots of money for stock buybacks, and they're not doing buybacks because they think stocks are cheap. They're doing to it to pump up the stock so they can sell it," said David Santschi, director of liquidity research at TrimTabs.
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The whole System is rigged.
Playing in that field is just foolish. IMHO.0 -
Its always the working man who gets hosed... 0 -
or cbs news is trying to drive a stock market burst just because thy hate trump, lol 0 -
quote:Originally posted by tsavo303
or cbs news is trying to drive a stock market burst just because thy hate trump, lol
Any natural disaster or financial crisis is a Democratic priority and they probably wish for the worst just to get rid of Trump before he takes away their money pot.0
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