Even with insider buying?? No majors are buying instead the sellers rule the day. Why?? Any sellers care to post here why they are bailing at these nearly 52 week low levels??
I am not a seller, but I assume many investors have grown impatient and weary. They are looking at trading some CUU shares for other opportunities. This is likely a short term move for them and they will probably buy back when they feel the tide is turning.
Regarding insiders: 25,000 shares were purchased as of yesterday's close. Historically, DM is the insider most likely to buy on the open market. He generally buys in the area of 5,000 and 30,000 shares. He also buys no matter what the price, just quietly acquiring shares along the way. Personally, I like his method......