Corporate insiders cash in on post-election US stock market surge

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Financial Times 13h ago

Corporate insiders cash in on post-election US stock market surge - Financial Times

Quick Summary:

But in a surging market when insider selling becomes rampant, the trends are less of an indicator of looming stock market moves, Silverman said.

The company’s shares have jumped 48 per cent since the day before the election, when it reported record quarterly income and raised revenue forecasts as demand for artificial intelligence software increased.

Insider selling versus buying at financial institutions was last this high in November 2016 — the first time Trump was elected president.