Corporate executives of U.S. companies doing share buybacks aren’t putting much of their own money into the repurchases so far this year, indicating the insiders lack confidence that their company stock price will rise, according to a new study from the financial research firm TrimTabs.
TrimTabs said U.S. companies have bought back $264 billion in shares so far this year, with just $3.3 billion, or about 1.3 percent, coming from insiders. It was the highest ratio of announced buybacks to insider purchases since TrimTabs began tracking buyback data in 2004, the research firm said.
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