April 22, 2024

Pay attention to big insider buying

CNBC’s Jim Cramer said investors should usually wait until high-quality stocks have had a pullback before buying. But sometimes it’s worth buying some stock at the top, especially if a company engages in significant insider buying.

Not to be confused with insider trading, insider buying is based on public information and occurs when executives buy shares in their own company. Insider buying can signal that a company expects its stock’s value to increase.

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