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Insiders are loading up on banks
A quick scan of the largest insider buys this week shows a list dominated by banks/financial institutions. These include buys in $SCHW $PACW $SOFI $LKFN $NMFC. The list goes on.
I'm no expert in bank stocks (go check out @eggplant's recent post), but these buys spell heavy conviction in the U.S. banking system.
Nice to see insiders buy, just the "bank run" issue is a problem since it's not very rational most of the time. Can happen even on a solid bank in good condition. No bank is ready for a big bank run...
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