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Insider buying blackout... selling surges
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Tuesday, October 27, 2009
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By Sean Goldsmith in the S&A Digest:

Insider selling last weak nearly tripled from the previous week to $846 million ($330 million of which was media mogul Sumner Redstone dumping his stake in CBS)...

Meanwhile, insider buying was a paltry $14.7 million, down from $32 million the previous week. The message coming from corporate executives is clear... They believe their companies' shares are overvalued after the recent rally, and they're cashing out before the next leg down.

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