Company executives use Dax setback for share purchases

Share charts

Management boards and supervisory boards access shares in their own companies.

(Photo: Getty Images)

Frankfurt November was a gray month for the stock market. The fourth corona wave with the new Omikron variant and the again significantly increased inflation data have unsettled many investors.

Not so in Germany’s executive and supervisory boards: They bought significantly more shares in their own companies in November than in the months before. The list includes names such as Zalando, Flatexgiro, LEG Immobilien, Auto1 and ProSiebenSat.1.

Olaf Stotz, professor at the Frankfurt School of Finance & Management, sees this as a positive signal for the Dax in the coming months. “The purchases from the insiders have long been higher than the sales – but with 200 purchases in November we had more than we had in a long time.”

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