Opalesque Industry Update - As the S&P 500 has climbed 12.6% from its closing low on October 3, insider activity has turned extremely bearish. Insider selling has surged to $178 million daily in October, more than double the $76 million daily in September. Equally bearish, insider buying has been almost non-existent, amounting to just $8 million daily in October, less than one-third of the year-to-date average of $30 million daily.Source Press Release bc |