stock price: Share sales by senior managers are sometimes taken as a worrying sign by investors, as they can indicate people who know a company best think its stock price is too high, according to Euro News. It a vote of confidence, said Hong Hao, chief strategist at Bank of Communications International. In May company insiders – senior executives or their relatives – sold a combined 1.68 billion shares, a tripling from April, and much more than in each of the previous months of this year, according to data compiled by Reuters. It evidence that stock prices are high . However, Hong added he expects these sales will only slow, not stop, stock price rises, in what become a frenzied market. Shenzhen start-up board Chi Next <.CHINEXTC> has more than tripled in the last 12 months and is now trading at earning multiples of 140, meaning at the current level of profitability, investors need to wait 140 years to recoup their investments. China benchmark stock indexes <.SSEC> <.CSI300> have surged nearly 150 percent over the past year, beating the rest of the world major indexes, even as the country economy slows.
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