AFR Rear window pose a stupid question

I think it's apparent by now that insider selling has a positive, not negative correlation to the A2M share price.
Just ask Tony Perich.

A2 Milk managers make offwith moolah

Joe Aston

Mar 5, 2019 — 5.00pm

 

Companies listed on the Australian SecuritiesExchange are only required to disclose trading in their own stock by directors.Across the ditch, the New Zealand Stock Exchange demands greater rigour and allkey management personnel – whether members of the board or not – must reporttheir share transactions.

Which is how we know that insider selling continuesat Trans-Tasman juggernaut, A2 Milk Company.

On February 28 (a week after the February 21trade), A2's Asia Pacific chief Peter Nathan netted NZ$8.9million ($8.5 million) selling 600,000 ordinary shares at $14.75 a pop. Theshares listed at 56¢ not even four years ago. In. The. Money.

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A2 Milk's top executives have offloaded largenumbers of their shares over the past fortnight. Louise Kennerley

Also from February 21, chief marketingofficer Susan Massasso offloaded 400,000 shares in four tradesfor total proceeds of NZ$5.9 million. On February 25, chief operationsofficer Shareef Khan sold all 34,283 A2 shares in his name (heretains another 200,000 jointly with his wife) and came away with NZ$501,328.

Also on February 21, A2's recently departed UK andEurope boss John Wotherspoon sold 160,000 ordinary sharesworth for a total consideration of NZ$2.3 million.

This mob isn't waiting for Christmas in July. Butit begs the question, if a good chunk of its executive management is selling,and selling big, why on earth should retail or professional investors bebuying?