May 31, 2022

Executives ‘Buy the Dip’ at Rate Not Seen Since Start of Pandemic

VerityData Insider Buying

Financial Times reached out to VerityData for data and insights on the recent surge in insider buying.

Between the start of the month and May 24, insider buying at S&P 500 companies has been the strongest since March 2020, according to figures from VerityData. For the broader Russell 2000 index, there have been more insider buyers than sellers this month for the first time since March 2020, VerityData said.

“There is certainly message sending [with] buying and some of it is performative,” said Ben Silverman, research director at VerityData.

However, Silverman said he would have expected “more intense buying right now”, especially at S&P 500 companies.

“In March 2020, no one had any clue how the next two years would play out,” he said, adding that at the start of the pandemic “we saw a lot more [buying] conviction.”


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