US Insider Selling Soars To 3 Year High As China Buybacks Surge To Record

China's government is trying to boost its economy and housing market by encouraging companies to buy back shares, following a Japanese approach. This has led to a record Rmb235bn ($33bn) in buybacks across mainland-listed shares so far in 2024, more than double last year's total. The government is keen to boost investor sentiment and restore confidence in the economy amid a property sector crisis and weak consumer demand. Despite the efforts, the benchmark CSI 300 index has given up much of its gains as expectations of more stimulus measures did not materialize. In contrast, US company insiders are selling stocks in near record amounts, which could be a red flag for the market. A gauge of insider sentiment is poised to hit the highest monthly reading in more than three years, with high-profile sales making headlines.