The financial press loves stories about insider stock activity. First, a surge in selling can be a sign that companies see, at best, an overvalued stock or, at worst, trouble ahead. Second, people read stories that connect big names with big numbers, and let's face it, that's about as close to fame and fortune as some of us are ever going to get.
The fact that 13 Google(GOOG Quote) insiders have, since the company's IPO, sold off nearly $3 billion of shares without much notice is evidence that the former factor isn't in play. Google insiders are disposing of their stock responsibly, using the automatic sales method intended to avoid cashing in ahead of bad news.
Then there are the numbers themselves, which add up to a great mass of Googly Moogly. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet