Executives Continue to Cash In Own Shares

Corporate executives are continuing to dump personal stock holdings as the market rises, data show.

In November, executives cashed in $4.5 billion worth of their own companies’ shares, up 43% from October and nearly double the five-year monthly average, according to Thomson Financial’s Insider Research.

Bearish Wall Street analysts say insiders’ heavy sales suggest they believe their stocks are overvalued. But others contend that many executives who failed to take profits from stock options in the late 1990s merely are moving faster to do so this time.

From Reuters