US Corporate Insiders Sell $77.6B in Stocks During First Half of Year

Corporate insiders sold $77.6 billion in stocks during the first half of the year, marking a 20% increase from the same period in 2025, according to The Kobeissi Letter. The selling was driven by concerns over valuations, geopolitical factors, and the sustainability of massive AI spending. This volume represents the second-largest insider selling in over two decades, with insider selling outpacing buying by an 11-to-1 ratio.

Insider Selling Outpaces Buying by 11-to-1 Ratio

Insider selling totaled $77.6 billion in the first half of the year, while insider buying reached just $6.9 billion over the same period, reports The Kobeissi Letter. The 11-to-1 ratio between selling and buying represents one of the most significant imbalances in recent history. The Kobeissi Letter stated, "Corporate insiders are locking in historic gains."

TMT Sector Reaches Record 49% of S&P 500 Market Value

The Technology, Media, and Telecom (TMT) sector now accounts for a record 49% of the S&P 500's market value, according to The Kobeissi Letter. This figure is approximately 9 percentage points above the 2000 Dot-Com Bubble peak and approximately 20 percentage points above the late-1960s high. The tech sector now carries a larger weight than the financials, cyclicals, and defensives sectors combined. By comparison, TMT accounted for just approximately 19% of the S&P 500 during the 2008 Financial Crisis. The Kobeissi Letter noted, "The US stock market has never been this reliant on tech."

S&P 500 Trades at 7,457 as of Friday Close

As of Friday's close, the S&P 500 is trading at 7,457, according to the source.

FAQ

How much did corporate insiders sell in the first half of the year?

Corporate insiders sold $77.6 billion in stocks during the first half of the year, representing a 20% increase from the same period in 2025, according to The Kobeissi Letter.

What is the current TMT sector weight in the S&P 500?

The Technology, Media, and Telecom (TMT) sector now accounts for a record 49% of the S&P 500's market value, approximately 9 percentage points above the 2000 Dot-Com Bubble peak, according to The Kobeissi Letter.

What ratio did insider selling reach compared to insider buying?

Insider selling outpaced buying by an 11-to-1 ratio in the first half of the year, with selling totaling $77.6 billion and buying totaling just $6.9 billion, reports The Kobeissi Letter.