What the insiders are buying right now (IWM)
The Russell 2000 proxy ETF (NYSE: IWM) has pushed
6.8 percent lower since its closing high back on April 29th. And according
to InsiderScore, the world’s leading insider trading, institutional
ownership and stock buyback research and analytics firm, corporate insiders
have been consistently selling shares since the correction began.
However, as the correction progresses, corporate insiders, particularly insiders of small cap stocks are buying more of their own stock. This is not out of the ordinary to see an increase in buying during a market correction, but not to this degree.
InsiderScore calculates a sentiment level for insiders of small cap stocks and as it stands “the score” has just pushed into bullish territory.
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However, as the correction progresses, corporate insiders, particularly insiders of small cap stocks are buying more of their own stock. This is not out of the ordinary to see an increase in buying during a market correction, but not to this degree.
InsiderScore calculates a sentiment level for insiders of small cap stocks and as it stands “the score” has just pushed into bullish territory.
Chuck Royce Discusses Small Caps
Small cap stocks have
more than come into their own in the three plus decades since the legendary
small cap guru Chuck Royce revealed his potential to the world of the
investing. According to Royce, today there are more than 3,100 U.S.
companies identified as micro-cap with market values of up to $500 million;
more than 1,100 small-cap with market values between $500 million and $2.5
billion.
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Ireland and South Korea Concerns Rout Bulls
The market pulled back today and
the decline was broad based and undiscriminating. Good stocks, bad stocks,
large and small, all declined this morning and into the close.
Before the bears start to salivate let me point out how easy this retreat would be to reverse if volume increases.
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Before the bears start to salivate let me point out how easy this retreat would be to reverse if volume increases.
