“Insider” sentiment is very bullish
May saw more directors and senior employees buying shares than in any month since Mar 20 - activity was very similar to Feb and Mar 22, where in each month there were >1,000 insider purchases vs. a very low level of selling (<300; Jan-May selling is -20% below 2020 levels), with a Sell/Buy ratio of 0.25 (<0.4 is bullish). Sweden, UK and Germany saw the most buying. Out of the 26 stocks that Smart Insider upgraded last month, the majority were in Industrials, Financials and Consumer Discretionary. Large May purchases (>€1m) in positive ranked stocks include Bank of Georgia Group, Corporacion Financiera Alba, Hemnet Group, Ratos, S&T, Skanska and Valmet.
Edition: 137
- 10 June, 2022