Summary

Corporate insiders appear content to run out the clock on 2024. With all the recent volatility (election results, interest-rate confusion, earnings season, and geopolitical issues), current insider-sentiment indicators from Vickers Stock Research sit squarely in the neutral camp. By way of detail, the neutral range for Vickers’ sell/buy ratios runs from 2.00 up to 6.00. This week, the major one-week ratios are 4.19 (the Total, or all-exchanges ratio); 4.76 (for the NYSE); and 4.04 (for the Nasdaq). ‘Neither a buyer nor a seller be’ it would seem. One indicator does jump out this week and is forward looking. The number of Form 144s processed month-to-date by Vickers is 3197. This form is used by insiders to indicate an intent to sell restricted or control shares. The average full-month number of 144s processed by Vickers over the past six months is 2153 — so a current reading of 3197 with another week to go in November is worth watching. The full-month number in November 2023 was 2460. On a sector basi