Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Sector: Consumer Defensive; Industry: Education & Training Services

Aspen Group, Inc. provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing and health sciences, business and technology, management, and professional and extended studies.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-10-13 KASS DOUGLAS Director Buy 3,000 $5.51 $16,536 No
2021-10-11 KASS DOUGLAS Director Buy 600 $5.81 $3,484 No
2021-10-07 KASS DOUGLAS Director Buy 2,550 $5.67 $14,448 No
2021-10-05 KASS DOUGLAS Director Buy 1,550 $5.82 $9,017 No
2021-10-01 KASS DOUGLAS Director Buy 5,400 $5.55 $29,952 No
2021-09-29 KASS DOUGLAS Director Buy 11,750 $5.41 $63,525 No
2021-09-27 KASS DOUGLAS Director Buy 15,750 $5.26 $82,805 No
2021-09-23 KASS DOUGLAS Director Buy 32,000 $5.39 $172,415 No

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.