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THE GRINCH WHO STOLE CHRISTMAS
indalo - Wed, 01 Jan 03 :
HAPPY NEW YEAR SHORTIES!....LET'S HOPE IT'S ANOTHER TANKER
U.S. Executive, Director Share Purchases Fall to Six-Year Low
By Steve Matthews
New York, Jan. 1 (Bloomberg) -- U.S. executives and directors last year bought the smallest amount of shares in their companies since 1996 as stocks tumbled to five-year lows.
Purchases by insiders fell 2.1 percent to $2.64 billion, the third year of declines, said Washington Service, a research firm. The slowdown in buying after last year's 23 percent drop in the Standard & Poor's 500 Index suggests stocks could fall further, some investors said.
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