IBKR - Insider Weekends: Cluster Purchase By Insiders Of SmileDirectClub
Happy Labor Day weekend from sweltering California. Insider buying increased last week with insiders purchasing $111.24 million of stock compared to $78.79 million in the week prior. Selling decreased with insiders selling $2.46 billion of stock last week compared to $3.07 billion in the week prior.
The huge increase in insider selling in the week prior combined with a decline in insider buying stood out to us and we wrote the following about it last week,
Selling increased significantly with insiders selling $3.07 billion of stock last week compared to $2.09 billion in the week