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October 19, 2005
All Business: Why are insiders selling 'hot' stocks?
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — Energy stocks are soaring, but company insiders are bailing out. Consumer stocks are falling, but top executives and officers in those businesses have been snapping up their shares.
Such opposite plays might be pure coincidence and nothing else. Stock sales or purchases can just be routine transactions or may be because executives want to free up money to cover personal expenses or profit on their stock options.
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