Corporate executives are buying stock in their own companies at the highest pace since March 2020. Experts say the uptick in insider stock purchases could be a sign that the market sell-off has hit a bottom. Insider stock purchases among S&P 500 companies from May 1 to May 24 was the strongest since March 2020, according to the Financial Times, which cited VerityData. And for companies in the Russell 2000 index, insider buying outpaced selling in May for the first time since March 2020. Howard Schultz, who recently returned to Starbucks as CEO, bought $15 million shares, according to the FT.

Source: Economic Times May 31, 2022 21:35 UTC