- On Friday, 43 insiders at depository institutions bought their banks’ shares, making it the biggest cluster of insider buying in the industry since May 2020
- Why? Experts said that it could be a signal to the market of their institutions’ strength, a sort of “don't worry, we’ve got this” message to investors.
- Or, with most bank stocks down, it could be a case of bargain hunters looking to turn a buck.
