In March, selling insiders outnumbered buying insiders 10-1 or four times the average ratio since 1998 in the semiconductor industry.
“ . . . thousands of executives who have adopted automatic sales programs under the Securities and Exchange Commission's 10b5-1 rule. Four out every five stock sales listed this week were implemented through such plans.Read the article here.
These plans have grown in popularity -- Merrill Lynch has drawn up 1,200 of them -- because they enable executives to sell stock on a regular basis without drawing suspicions about whether they were acting on insider information.
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