U.S. Stock Market Sees Surge in Insider Buying Amid Decline

According to Odaily, the U.S. stock market has experienced its worst decline since April, sparking a buying spree among corporate insiders. Over the past 30 days, executives of publicly traded companies have been purchasing their own company stocks at the fastest rate since May. This activity comes amid market panic, driven by concerns over an artificial intelligence bubble, which has led investors to shift from overvalued tech stocks to more defensive sectors. The surge in insider buying has provided some comfort to bullish investors, as the S&P 500 index recently fell by 3.1% in a week, heading towards its worst month since April. These executives have been buying while other 'bottom fishers' remain hesitant, as the U.S. stock market has faced five consecutive days of decline, with intraday rebounds quickly erased.