Company insiders smell bargains in stocks again

View of the Dax chart in the trading room of the Frankfurt Stock Exchange

The Dax is still in the bear market.

(Photo: Marc-Steffen Unger for Handelsblatt)

Frankfurt Management and supervisory boards held back on buying shares for two months. In the bad stock market month of September, however, more insiders saw good entry opportunities in the shares of their own companies.

Ceconomy, Rheinmetall or Vonovia: More than 230 companies in Germany reported share purchases by their executives in September. That was almost twice as many as in August and also significantly more than in July. Especially when the Dax slipped below the 12,000 point mark in the last week of September, insiders grabbed it.

Is that, together with the good stock market start to October, a sign that the stock markets are over the worst? Olaf Stotz, professor at the Frankfurt School private university, has his doubts, although the Dax has increased by more than 800 points or almost seven percent since its low for the year at the end of September. The Handelsblatt takes a look at the most traded stocks of the past month.

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