In what may be a very good harbinger for stock market bulls, despite the indexes tapping through to record high prints, the insiders selling stock this past week were surprisingly absent. One would think that there would be no better time to unload shares than days when the markets are up huge, but that really was not the case.
We cover insider selling every week at 24/7 Wall St., and we like to always remind our readers that just because an individual or 10% institutional owner sells stock, that is no cause for immediate alarm. Many top executives and even directors are compensated with stock, and often they sell just to diversify or purchase other assets.
Here are companies that reported notable insider selling this past week.
Receptos Inc. (NASDAQ: RCPT) had a director of the company do some serious selling last week. Edward Torres hit the bid with 220,000…
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