With a buy-to-sell ratio of 1.19, the financial sector
experienced the highest insider trading activity compared to its
fellow sectors in November, according to
GuruFocus Insider Buys/Sells Screener
note: Telecom sector not included due to lack of proportion
The ratio climbed in the last two months, only at 0.6 in
September, then almost doubled in October at 1.14. The financial
sector reported more than 1,000 insider trades this month
compared to its 517 trades last month, with the following
companies experiencing the busiest activity: Inland Real Estate
), Federal Agricultural Mortgage Corp. (
), Eaton Vance Corp. (
) and Ladenburg Thalman Financial Services (
The oil and gas sector appears in second place, with a
buy-to-sell ratio of 0.85, with 183 insider buys and 202 insider
sells reported in November - a total of 385 altogether. The
companies in the oil and gas sector that reported the most
insider trading include Tesco Corp. (
), Halcon Resources Corp. (
), EOG Resources (
) and NGL Energy Partners LP (
As seen in the chart below, the financial sector's insider
activity bears a striking correlation to the market trend of the
Dow Jones U.S. Financial Sector ETF (
), its ratio exceeding 1 when the financial market was down,
which usually reveals more purchases than sells, and vice versa
when the market was at an all-time high.
Financials reached its peak a little over a year ago, peaking at
a buy-to-sell ratio of 4.41, the same time that IYF experienced a
slumping trend line, negatively falling to its two-year low later
The comparison also applies to the S&P's Financial Select
Sector SPDR ETF (
) (shown below), which shows a trend line resembling the IYF,
trending negatively in the August 2011 time frame before reaching
a three-year low in October 2011.
To view a collection of insider trends per varying sector, visit
GuruFocus Insider Trends. Also view the rest of the sectors'
November buy-to-sell ratios below.
NOVEMBER INSIDER B/S RATIOS
Oil & Gas
About the GuruFocus Real Time Insider Buys/Sells
Developed based on the advantageous findings from a three-part
GuruFocus insider research, the GuruFocus Insider Buys/Sells
Screener enables Premium Members to see various insider trends by
sector, by market cap, by S&P500 companies, or certain
combinations of the three.
Be amazed at the correlation between insider trading activity and
the ups and downs of the stock market. View comparisons of
specific sectors, with graphs containing insider buy-to-sell
ratios alongside corresponding ETF market values. GuruFocus even
provides specialized screens for CEO buys and sells, and CFO buys
and sells, in addition to insiders.
GuruFocus' long list of Premium Membership perks provides many
opportunities to follow your favorite Gurus and stocks more
closely. If you are not a Premium Member yet, we invite you for a
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To read more about related topics, visit the following articles
GuruFocus Insider Research Part I: The Summary of
Previous Research Results
GuruFocus Insider Research Part II: Can Aggregated
Insider Trading Activities Predict the Market?
GuruFocus Insider Research Part III: Can Aggregated
Insider Trading Predict the Market of Different Sectors?
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