Jul. 18 at 6:19 PM
$CAT $CLX $SPG Company Insiders Turn Bearish, But They’re Bullish on These 11 Stocks
Corporate insiders have turned notably bearish, with a sharp contrast to their more optimistic outlook earlier this year. Insiders are now negative or neutral toward 10 of the S&P 500 sectors, with the exception of utilities, which they view more favorably.
Insider sentiment, tracked by Professor Nejat Seyhun, has dropped to its lowest point in over a decade, with just 11.1% of insider transactions showing more buying than selling. Nearly 90% of insiders are selling more than they’re buying.
Despite this overall pessimism, there are a few stocks attracting insider buying. Among these are major companies like ConocoPhillips, Caterpillar, UnitedHealth, GameStop, Clorox, U.S. Bancorp, and Simon Property Group. These stocks have outperformed the S&P 500 significantly since April
