There were 53 registered insider trades this week, 47 of these were to buy and 6 to sell. With tecnical support and considering the force of the stock exchange fall, these signs signals that the bottom might be near, according to Investtech.
The report from Investtech shows that 89% of all registered insiders trades were to buy. That many people with insider knowledge are buying in this turbulent period can be seen from a longer perspective. During the recent quarter 82% of the insider trades were for to buy.
Investtech's trading report shows that when the stock exchange turns after a significant fall, interesting investment possibilities arise with large returns.
One of the companies that Investtech mentiones is Volvo. Volvo has lost more than 70% of its share price this year to 32 kr per share. This seems to be a good time for insider people to invest. The CEO both 10m shares, the head of finance, head of communication increased their share volume substaintially. This makes the share look very positive.
The It-consultant Know-it seems to have had an interseting change as the CEO bought 8000 more shares, after the share has lost 62% this year.
The CEO of Getinge belives that the share has fallen too much. 170kr in the beginning of the year to bellow 100kr this week. CEo bought shares for close to a million kronors.
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