Insider sentiment is extremely bullish in China
Last month saw 565 insider buys and just 46 sells (Sell/Buy Ratio 0.08). Smart Insider had previously reported how Jan’s data was “off the charts” bullish and the improvement seen in Feb takes it to a new level. Buying more than doubled MoM, while selling declined -26%. One note of caution - they only upgraded 10 stocks in Feb (including Chengdu Corpro Technology, Lianhe Chemical Technology and Blue Sail Medical) as in many cases the buying was in extremely weak stocks from insiders with mixed or poor records - but if buying continues at this level, they would expect to upgrade more stocks in the month ahead.
Edition: 181
- 08 March, 2024