Summary
Last week ended in ugly fashion, with stocks reversing lower at mid-week. That called into question the positive developments seen of late in the insider-sentiment data from Vickers Stock Research. By way of a quick recap, the data from Vickers took a major positive turn two weeks ago and stayed the course last week. Early on in that two-week window, stocks responded accordingly, posting significant gains on multiple days. But by the end of last week, tariff, inflation, and consumer-sentiment uncertainty jumped back to the head of the line and stocks suffered. And yet, insiders are still holding the line. The data from Vickers this week remains positive enough for all of the major eight-week sell/buy ratios to improve. Of note, though, the volume of insider transactions fell off unexpectedly, with about 850 transactions meeting the criteria for inclusion in the Vickers’ Weekly Insider Report. That compares to 1333 last week and 1587 the week before that. As we said two weeks ago, insiders historically jump in before many other investors when an apparent opportunity presents itself. So stay tuned. On a sector basis, insider buying exceeded selling in Healthcare last week, with shares valued at $15.2 million bought versus $7.5 million sold. Buying was also notable in Real Estate, as shares valued at $671,878 were bought, outpacing the level of selling activity by a fact
