Me and the Money Printer

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Postcards: What Are Insiders Buying In May?

Postcards: What Are Insiders Buying In May?

As Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."

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Garrett Baldwin
May 23, 2023
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Postcards: What Are Insiders Buying In May?
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Postcards May 23, 2023
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Tuesday, May 23, 2023

Dear Old Friend,

It’s another fine day by the Gulf of Mexico. We can turn our attention to the long-term with a few interesting trends that are heating up across the markets.

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Is Insider Buying Heating Up in May?

This month, there has been an uptick of insider buying-to-selling filings, largely fueled by banking stocks. But we’re seeing some deals in other sectors.

It seems some executives are bullish about the debt ceiling resolution – and maybe they anticipate government spending will save the U.S. from recession in 2023. Now ask… why do we follow insider buying?

Executives buy for one reason. They expect the stock to rise. In the last 10 days, we’ve seen sizable buys at General Motors (GM) and Owl Rock Capital (ORCC). I like GM as a trade (put spreads) and the second as a long-term buy and hold, thanks to a 10% yield.

Here are select CEO and CFO buys over the last ten days.

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