Only a handful of US chief executives made well-timed stock buys during the tariff-induced market panic this month, as trading restrictions forced them on to the sidelines.
Two chief executives at companies worth more than $5bn ‘bought the dip’ when the market fell, according to data provider VerityData. But a larger group of executives had sold shares before President Donald Trump’s so-called “l(fā)iberation day” announcements, including the bosses of PepsiCo and Jazz Pharmaceuticals.
Insiders often buy their own shares when markets are down. However, many executives were unable to jump on cheap shares because “l(fā)iberation day” came as much of corporate America was barred from dealing ahead of first-quarter earnings.
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