Insiders Selling Heavy In June, But Price Still Rising?
You would think these transactions would negatively effect the price. Might be a good sign of strength. I know insiders can only buy and sell during certain times of year, maybe just some profit taking for summer vacations ; )
Hi. This was kicked around on this board a few days ago. Some people conjectured this was programmed sales, others noted the general lack of correlation between these sales and the stock price. For example, Oakstreet Partners who were SOLR private equity investors sold a bunch of stock in the 6's.