2010 was a conciliatory year for the stock market. The DAX has so far been able to maintain the 7,000 mark and even set a new high in December. At the moment, people everywhere are making lively guesses as to how much higher we will be at the end of 2011. However, we are not immune to setbacks in 2011 either. The insiders provide a first negative indication right at the beginning.<\/p>\n
The December data<\/strong><\/p>\n In the monthly Insider Analysis<\/a> we evaluate the data of all recorded insider transactions of the Insider Alerts<\/a> out. In the month of December, a total of 59 transactions were counted, of which 27 were on the buyer side and 32 on the sales side. Quantitatively, the sales thus slightly predominate with a share of 54.2 percent.<\/p>\n The volume figures are more interesting. Insiders bought shares for over 50 million euros, the highest figure since May. However, on the sell side, there were sales of over 150 million euros. This results in a net capital outflow of over 100 million euros. This is an immensely high sum compared with the previous months. Overall, sales thus strongly outweighed cash outflows.<\/p>\n Causes of insider behavior<\/strong><\/p>\n So if you are wondering where these figures come from, the long-lasting trend and the high level on the stock market is certainly the first reason. Many insiders have accumulated large profits over the year and have now taken these as a precautionary measure at the end of the year. You have to consider that the current movement in the DAX already extends over more than 1,000 points without a market correction having taken place.<\/p>\n