'Insiders Have Rarely Been This Bearish': Selling Spree By Executives Sweeps Across S&P 500, But There Is One Sector Bucking The Trend
Sentiment among corporate insiders has reached a record low, with 90% of companies experiencing net selling activity this year. Only 11.1% of companies have seen more buying than selling by insiders, marking the lowest share on record. This bearish sentiment spans across 10 of the 11 S&P 500 sectors, with utilities being the only exception, showing positive sentiment. The Vanguard Utilities Index Fund ETF has risen 20% from its one-year low, attracting investors amid macro uncertainties.
Benzinga·