Insiders are buying their stocks in record numbers [Seeking Alpha]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
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Source: Seeking Alpha
Insiders are buying their stocks in record numbersApr. 11, 2020 4:00 PM ET|Kinder Morgan, Inc. (KMI)SA Eli HoffmannInsider buying by CEOs, CFOs and board directors in large U.S. companies hit $1.1B in March,the biggest total“It’s a vote of confidence. Executives are buying their stock at a time when the rest of the world is panicking. Most of these people are already compensated in stock, so the fact they are putting more of their net worth in there is a good sign for the company and the market,” JJ Kinahan, chief market strategist for TD Ameritrade, says.Richard Kinder, chairman of Kinder Morgan (NYSE:Charlie Scharf, new CEO of Wells Fargo (NYSE:WFCAnd Brett Icahn, Carl Icahn's, purchased $11M of stock in Newell Brands (NASDAQ:NWLThe insider buying isn't responsible for the recent rally, but it does add to the sense "that market participants are feeling that the worst is behind us”, says Alicia Levine, chief market strategist for BNY Mellon Investment Management.Click to subscribe t
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