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0.000226387756950027 9.0555102780088E-05 -0.000498053065290291 -9.0555102780088E-05 -0.00153943674726072 0.00108666123336054 9.0555102780088E-05 0.00181110205560086
Stock impact report

CEOs are dumping stock in their companies. Here's what that means [CNN]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNN
CEOs are dumping stock in their companies. Here's what that means The captains of Corporate America are steering a record amount of cash into stock buybacks. Companies have announced them this year at a rate of more than $5 billion a day. The buyback boom has been viewed by investors as a sign of confidence among CEOs. Yet with their own money, executives are quietly taking a much different approach: They're cashing out. Insiders dumped $8.4 billion of their shares in May and $9.2 billion in June, according to an analysis of regulatory filings by TrimTabs Investment Research. That's the biggest two-month period of insider selling in a year. "They're buying back from the front door, and shoveling shares out the back door," said John Mousseau, president of CEO of Cumberland Advisors, an investment firm that manages more than $3 billion. "It would be like going on TV to tell everyone what stocks we like, and then selling them," he said. Related: Execs are cashing in on the explosion o Show less Read more
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