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
Biglari Holdings Inc. (BH)
Sector: Consumer Cyclical; Industry: Restaurants

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance, and selling physical damage and non-trucking liability insurance to truckers; and operates oil and natural gas properties offshore in the Gulf of Mexico. In addition, it publishes and sells magazines, and related publishing products under the MAXIM and Maxim brand name; and licenses media products and services, as well as is involved in the investment activities.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-06-16 BIGLARI, SARDAR Chairman and CEO Buy 148 $907.50 $134,310 No
2021-06-14 BIGLARI, SARDAR Chairman and CEO Buy 820 $910.24 $746,395 No
2021-06-08 BIGLARI, SARDAR Chairman and CEO Buy 1,775 $859.13 $1,524,948 No
2021-06-02 BIGLARI, SARDAR Chairman and CEO Buy 719 $845.22 $607,716 No
2021-05-17 BIGLARI, SARDAR Chairman and CEO Buy 135 $770.00 $103,950 No
2021-05-13 BIGLARI, SARDAR Chairman and CEO Buy 20,000 $170.69 $3,413,845 No
2021-03-11 BIGLARI, SARDAR Chairman and CEO Buy 275 $747.36 $205,524 No
2021-03-11 Cardwell John Garrett Director Buy 150 $149.80 $22,470 No
2021-03-08 BIGLARI, SARDAR Chairman and CEO Buy 2,269 $240.90 $546,609 No
2020-12-17 BIGLARI, SARDAR Chairman and CEO Buy 843 $401.16 $338,175 No
2020-12-16 BIGLARI, SARDAR Chairman and CEO Buy 3,677 $183.65 $675,268 No
2020-12-10 BIGLARI, SARDAR Chairman and CEO Buy 11,054 $141.16 $1,560,405 No
2020-12-08 Cardwell John Garrett Director Buy 100 $119.42 $11,942 No
2020-12-02 BIGLARI, SARDAR Chairman and CEO Buy 4,333 $113.98 $493,885 No
2020-11-30 BIGLARI, SARDAR Chairman and CEO Buy 5,302 $111.99 $593,750 No
2020-11-24 BIGLARI, SARDAR Chairman and CEO Buy 23,613 $109.67 $2,589,523 No
2020-11-16 Cardwell John Garrett Director Buy 200 $101.86 $20,372 No
2020-11-17 BIGLARI, SARDAR Chairman and CEO Buy 37,059 $102.84 $3,811,068 No
2020-09-11 BIGLARI, SARDAR Chairman and CEO Buy 2,973 $100.78 $299,631 No
2020-09-04 BIGLARI, SARDAR Chairman and CEO Buy 3,492 $122.93 $429,288 No
2020-08-17 BIGLARI, SARDAR Chairman and CEO Buy 20,407 $159.85 $3,262,004 No
2019-11-26 BIGLARI, SARDAR Chairman and CEO Buy 717 $584.39 $419,008 No
2019-11-22 BIGLARI, SARDAR Chairman and CEO Buy 649 $556.49 $361,162 No
2019-11-20 BIGLARI, SARDAR Chairman and CEO Buy 3,232 $576.13 $1,862,049 No
2019-11-13 BIGLARI, SARDAR Chairman and CEO Buy 1,130 $568.36 $642,247 No
2019-11-07 BIGLARI, SARDAR Chairman and CEO Buy 1,971 $511.47 $1,008,115 No
2019-06-14 BIGLARI, SARDAR Chairman and CEO Buy 4,868 $153.15 $745,551 No
2019-06-13 BIGLARI, SARDAR Chairman and CEO Buy 3,447 $534.29 $1,841,713 No
2019-06-10 BIGLARI, SARDAR Chairman and CEO Buy 4,827 $292.60 $1,412,390 No
2019-06-05 BIGLARI, SARDAR Chairman and CEO Buy 15,269 $144.26 $2,202,656 No

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.