Insider Selling Soars In "Cautionary Sign" To Market

Insider Selling Soars In "Cautionary Sign" To Market
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One month ago, when Apple finally crossed above $1 trillion in market cap, Goldman's chief equity strategist David Kostin said that investors had been focusing on the "wrong $1 trillion question", adding that the correct question was: what amount of buyback will companies authorize in 2018? The reason was that according to the latest estimate from Goldman's buyback desk, stock buyback authorizations in 2018 had increased to a record $1.0 trillion - a result of tax reform and strong cash flow growth - a 46% rise from last year.

The upward revision was warranted: according to TrimTabs calculations, buyback ...

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