A nearly 6% drop in the S&P 500 index last week spurred insider buying with insiders purchasing more than 4 times as much stock as they did the prior week, reversing three weeks of declining purchases.
During a highly volatile week for markets, we saw insiders step up and purchase shares, although in aggregate it looked like both insider buying and selling declined compared to the prior week.
If history is any guide, there may be trouble ahead for shares of Morningstar (NASDAQ:MORN). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
The US Federal Reserve is scheduled to announce its policy decision today, with markets expecting a 25bps increase in the fed funds rate. Investors, meanwhile, focused on some notable insider trades.