Financial sector insiders are quietly backing away.
Q3 2024 insider selling in Financials hit 2.10x above the long-term average — the highest across all major sectors. What's striking isn't a surge of sellers, but the near-record low number of buyers. Financial execs buying their own stock dropped to levels not seen in almost 23 years.
Energy and Tech followed at 1.30x and 1.24x. Broader market insider selling ran 20% above normal.
Meanwhile, defensive plays like Consumer Staples (0.50x), Utilities (0.55x), and Materials (0.57x) saw the opposite — more insiders buying than selling.
Insiders don't always time it perfectly, but when the people running financial companies stop buying their own shares at multi-decade lows, it's worth noticing. They see the books before we do.
Q3 2024 insider selling in Financials hit 2.10x above the long-term average — the highest across all major sectors. What's striking isn't a surge of sellers, but the near-record low number of buyers. Financial execs buying their own stock dropped to levels not seen in almost 23 years.
Energy and Tech followed at 1.30x and 1.24x. Broader market insider selling ran 20% above normal.
Meanwhile, defensive plays like Consumer Staples (0.50x), Utilities (0.55x), and Materials (0.57x) saw the opposite — more insiders buying than selling.
Insiders don't always time it perfectly, but when the people running financial companies stop buying their own shares at multi-decade lows, it's worth noticing. They see the books before we do.