CNN Business: “Insiders are selling stock like it’s 2007”
By admin_45 in IN THE NEWS
Excerpt from CNN Business quoting DataTrek's Nick Colas:
.... "But Nicholas Colas, co-founder of DataTrek Research, noted insider selling is not always a helpful indicator at a high level. Rather than reflecting a lack of confidence, he said, the selling may simply be the result of insiders bracing for leaner compensation.
"Most managers get paid on earnings growth. If they anticipate bonuses will be slower, they will sell stock to make up the gap," Colas said. "It's one more sign that managements know this will be a tough year for growing earnings"....
Read the full article here on CNN Business!
