After the slump on the stock markets: top managers take action

Frankfurt Buying when prices are falling is the anti-cyclical behavior that executives and supervisory boards often distinguish when they buy shares. The insiders know their company better than any other investor and are less unsettled by falling prices if they are convinced of their company.

In March, too, insiders took advantage of the fall in share prices in the course of the Ukraine war to buy cheaper. “Compared to the last sharp slumps on the stock exchange, however, the purchases were lacking in breadth,” says Olaf Stotz, professor at the Frankfurt School. “The volumes have fallen significantly, and insiders, who buy frequently anyway, hit the big time, such as at United Internet.”

On the other hand, very few executives sold stocks either. There were not a single sale of companies from the Dax, MDax and SDax indices in March.