Chart of the Week: Insider Buying Outpaced the S&P 500 Index Over the Past 16 years

Chart of the Week | July 12, 2021
Macro Insights

Insider Buying Outpaced the S&P 500 Index Over the Past 16 years

• Insider buying outperformed the S&P 500 Index by 179 bps with an approximately equivalent maximum drawdown.
• Insider buying outperformed the S&P 500 Index during the Great Recession (’08-’09) by 9.26%.
• Insider buying remains a great behavioral performance indicator on the notion that corporate executives know more about their company than anyone else possibly could.