Insider actions point to higher threat of disinflation than inflation

Article Abstract:

Investors continue to gear themselves against the certainty of inflation. However, insider activity points to growing belief that disinflation is the greater threat. For instance, insiders continue to acquire shares in companies that would benefit from low interest rates, such as banks and electric utilities. Moreover, there is heavy selling of stocks that typically perform well during an economic upswing. Finally, insiders have been restrained in accumulating stocks that have come down to bargain prices.

Security brokers and dealers, Stockbrokers

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Raychem Corp

Article Abstract:

Nine officers of Raychem Corp have sold a total of 69,279 shares of their corporation's stocks at prices ranging from $40.38 to $43.25 per share last Feb 1993. Officers of the firm have long been noted for disposing of corporate stocks when the value reach above $40 which at one time has caused misapprehension regarding the company's status. The level of trading in the latest sell-off has been regarded as notable due to its considerable volume.

Aircraft, Nonferrous wiredrawing & insulating, Electrical equipment & supplies, not elsewhere classified, Aerospace industry, Raychem Corp.

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Wal-Mart Stores Inc

Article Abstract:

Officers of Wal-Mart Stores Inc have been selling their stock holdings since Jan 1 1993 with Dir R. Drayton McLane Jr. selling 1,039,600 shares. Other officers of the retail giant have indicated intentions to sell a total of 100,000 more shares of stock. The stock's value has been occilating since Dec 1992 when its value was at $33 and was latest at around $32.

Variety stores, Retail Stores, NEC, Wal-Mart Stores Inc., Retail stores, Stores

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