The most informed group in the US stock market rapidly buys the dip, with internal net purchases soaring to a new high for May.

Odaily News Since April, the U.S. stock market has experienced one of its worst falls, but this has sparked a buying frenzy among one of the most informed groups in the market, the “insiders”. In the past 30 days, executives of listed companies have bought back their own company stocks at the fastest pace since May. They got on board during the market panic, when concerns over an AI bubble triggered a shift of funds from overvalued tech stocks to more defensive zones. The surge in insider buying has brought some comfort to long positions. Previously, the S&P 500 index fell by 3.1% in one week and is heading towards its worst month since April. These executives bought in while other “buy the dip” investors appeared hesitant, as U.S. stocks fell for five consecutive days recently, with intraday rebounds quickly erased. (Jin10)