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Those of us who were investors in bank stocks back in 2008 saw alot of large insider buys, including multi-million ones, from CEOs and top execs looking to reas
by krampian 11y ago
Those of us who were investors in bank stocks back in 2008 saw alot of large insider buys, including multi-million ones, from CEOs and top execs looking to reassure investors.
In most cases it simply didn't work. Fundamentals rule sooner or later, not optics. I was in the no-longer extant Wachovia for instance, where the CEO bought around $1m of stock. It was bought out for a song a few months later after it crashed.