Insiders sell off their stocks

Executives and directors are selling more stock than they're buying, suggesting an end to the US rally that helped lift markets this quarter to the highest levels in four years.

17th December, 2005

Executives and directors are selling more stock than they're buying, suggesting an end to the US rally that helped lift markets this quarter to the highest levels in four years.

“It's an indication that the market is at best fully priced,” said David Coleman, editor of the Vickers Weekly Insider Report. He compiles figures on insider sales from government filings.

Qualcomm, the world's number two maker of mobile phone chips, and Saks, a...

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