Top managers hold back in April

Frankfurt A small step forward, half a step back. This is how the events on the stock exchanges in the past few weeks can be described. Germany’s most important share index, the Dax, has gained less than one and a half percent since April, but has set six new highs for the year. “The increase in the Dax to up to 16,000 points can no longer really convince buyers,” says Olaf Stotz, Professor of Asset Management at the private university Frankfurt School of Finance & Management.

Management and supervisory boards also do not seem to trust the rise in the stock market – but on the other hand they do not fear any major upheavals. This is shown by looking at executives’ trading in the stocks of the companies they work for.

Stotz evaluates the trading activities of the company insiders monthly for the Handelsblatt and says: “Insiders were conspicuously reticent in April.” Nevertheless, there were some interesting transactions that are also worth a look for private investors.