CEOs are selling stock. That could be a bad sign for the epic market rally

CNN (08/17/2020)
  • While US stocks have largely recovered from the coronavirus market collapse, CEOs and leading shareholders are increasingly dumping their shares.
  • Since May, S&P 500 insiders including CEOs, leading shareholders and other senior executives have sold $50 billion worth of shares.
  • August is on track to be the 3rd month of the last 4 in which insider selling exceeded $15 billion, a pace unseen since 2006.
  • Insider selling could be a warning that corporate leaders aren’t confident in the economic recovery.