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US executives are selling stock at a record pace:

The ratio of insider buyers to sellers dropped to 0.22, the lowest since 1988 when data began.

This is below previous lows of 0.24 and 0.25 seen in 2024 and 2021.

This month, only 98 firms have had at least one insider who bought shares, compared to 447 firms with at least one insider who sold.

Selling was particularly concentrated in Big Tech, which drove the market gains over the last 2 years.

Corporate insiders are taking profits.
(@TheKobeissiLetter)



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US executives are selling stock at a record pace:

The ratio of insider buyers to sellers dropped to 0.22, the lowest since 1988 when data began.

This is below previous lows of 0.24 and 0.25 seen in 2024 and 2021.

This month, only 98 firms have had at least one insider who bought shares, compared to 447 firms with at least one insider who sold.

Selling was particularly concentrated in Big Tech, which drove the market gains over the last 2 years.

Corporate insiders are taking profits.
(@TheKobeissiLetter)

BY The Kobeissi Letter




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NEWS Oh no. There’s a certain degree of myth-making around what exactly went on, so take everything that follows lightly. Telegram was originally launched as a side project by the Durov brothers, with Nikolai handling the coding and Pavel as CEO, while both were at VK. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. The regulator took order for the search and seizure operation from Judge Purushottam B Jadhav, Sebi Special Judge / Additional Sessions Judge. It is unclear who runs the account, although Russia's official Ministry of Foreign Affairs Twitter account promoted the Telegram channel on Saturday and claimed it was operated by "a group of experts & journalists."
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