Top managers consider these stocks to be too expensive

Frankfurt Have stocks started 2023 too well? Are setbacks imminent? Many investors are concerned with these questions.

When it comes to Germany’s executive and supervisory boards, the answer is “no”. The insiders, who know their companies better than anyone, sold few shares in their own companies in January.

Olaf Stotz, a professor at the Frankfurt School private university, who regularly evaluates insider purchases and sales for the Handelsblatt newspaper, finds this surprising. When stocks rise sharply, insiders often take profits. Stotz sees the fact that they haven’t done this as a positive sign: “The insiders don’t seem to expect a recession and no significant slump in their companies’ profits.”

The three stocks from the Dax, MDax and SDax indices that insiders sold in January are all the more interesting. “The shares have risen significantly and are highly valued,” says Stotz.

Therefore, private investors with a short-term perspective should also consider selling. An overview.