Silver Report Uncut
Dec 13, 2021
CEOs and corporate insiders are dumping stock at a far faster rate than we’ve seen in recent years, and the twist is, they’re ramping up selling as their own companies engage in record stock buybacks.
In November, insiders unloaded a collective $15.59 billion – an all-time record
Forty-eight top executives have disposed of more than $200 million each in stock sales this year, about four times the average versus insider from 2016 through 2020, InsiderScore data shows corporate insiders sold a mindboggling $63.5 billion in shares through November, a 50% jump versus all of 2020. The selling comes as major equity stock indexes are hovering near record highs and stock buybacks continue at breakneck speeds. Most of the insider dumping was in the technology sector, amounting to $41 billion in sales.
We also discuss some of difficulty faced by open the books (dot) com while trying to get information about some of what they have been spending. They have been able to obtain open books from just about every other state, makes you wonder… what do they have to hide?
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