MDLA - Insider Weekends: Massive Stimulus Package Helps Markets Even As Insider Buying Wanes
After two weeks of significant buying that saw insiders pick up more than $1.2 billion worth of stock, insider buying decreased significantly last week with insiders purchasing $117.91 million of stock compared to $533.25 million in the week prior. Selling also decreased with insiders selling $442.67 million of stock last week compared to $470.58 million in the week prior.
This slowdown is the typical end of quarter slow down as companies enter their quiet period before earnings season.
News of a massive $2 trillion stimulus package that passed both the senate and the house helped