Top managers are selling shares in three Dax companies

Frankfurt The movements of the Dax had it in the past month. In mid-June, the leading German index reached a record high of 16,427 points. Shortly thereafter, the biggest straight loss series of the year followed with six minus days in a row. It dropped the Dax to a good 15,700 points. Since then things have been going uphill again.

However, Germany’s executive and supervisory boards do not seem to trust the upward trend. You have recently sold more shares in your own company. Particularly striking: There were only three sales of shares from an index of the German stock exchange. However, these are all Dax values.

This is rare and for Olaf Stotz, Professor of Asset Management at the private university Frankfurt School, it is a sign that the air is slowly getting thin. “Profit-taking by insiders at large corporations, which are also the focus of international investors, suggest that private investors with a short-term focus should also tend to be cautious.”