Peter Lynch's Favorite Indicator Is Flashing Green for Tech Stocks Again

Peter Lynch’s “favorite indicator” tied to insider buying is flashing green again for technology stocks, according to figures cited by SentimenTrader and highlighted by Seeking Alpha. The article says corporate insiders across the tech sector have been purchasing shares on the open market at the fastest pace in roughly 15 years, based on SEC Form 4 open-market purchase filings rather than option exercises, restricted stock grants, or compensation awards. The data focuses on the State Street Technology Select Sector SPDR ETF (NYSEARCA:XLK), where 28 executives bought company stock over the prior six months. That total is reported as the highest on record, doubling since the start of the year and surpassing the 2011 record of 25. Last year, only five insiders bought stock, underscoring a notable shift in activity.