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Massive Meltdown 40% Of Stocks Crashed 50%!
A corporate insider is either a senior officer, director, or an above 10% equity owner. A corporate insider, one must adhere to very strict disclosure regulations required by the Securities and Exchange Commission (SEC). When insiders buy or sell shares in their own companies, they must submit a Form 4 to the SEC, which states their position and change in equity.
Insider information is knowledge and information on the operations, products/services pipeline, affairs, financial position, etc., of a company that is not accessible to the public. Attempting to benefit from insider information is a criminal offense.
Insiders at public companies are selling stock at the highest rate in recorded history amid near-record high valuations and the S&P500 at all-time highs.
“Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise,” said Peter Lynch.
Corporate insiders are the most bearish they’ve been in several years, with their cumulative sales 79% above the 10-year average, according to InsiderScore.