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Between March 10 and May 15, insiders at regional banks bought a combined 2.3 million shares of stock while selling off only 335,000 shares. These insiders believe that the sell-off in bank stocks is not a reflection of the strength of the banks' businesses and that the sell-off was overdone.
U.S. regional bank stocks in general rose sharply last week, with the SPDR S&P Regional Banks ETF (KRE) up 7.8% for ...