Top managers at German companies sold hardly any of their firm's shares in April, instead buying heavily in some. Professor Olaf Stotz from Frankfurt School observes a 'certain basic optimism' among executives and supervisory boards. This emerges from an analysis of insider deals for Handelsblatt.
Frankfurt. Despite ongoing uncertainties in the Iran war, stock markets are recovering. Olaf Stotz, professor at Frankfurt School of Finance & Management, notes a 'certain basic optimism' among German executives.
This attitude is reflected in insider deals, which Stotz evaluates monthly for Handelsblatt. In April, board members and supervisory boards sold very few shares of their own companies. Instead, top managers saw buying opportunities in some stocks and purchased heavily.
Notably, these were contrarian buys against the market trend. Insiders know their companies best and often act faster after price drops than other investors. The largest purchases in April highlight this pattern.
