Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
B. Riley Principal Merger Corp. II (BMRG)
Sector: Financial Services; Industry: Shell Companies

B. Riley Principal Merger Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-16 B. Riley Financial, Inc. 10%-Owner Buy 2,361,236 $10.00 $23,622,340 Yes
2020-11-13 B. Riley Financial, Inc. 10%-Owner Buy 2,200 $10.42 $22,924 No
2020-11-12 B. Riley Financial, Inc. 10%-Owner Sell 875,391 $10.07 $8,815,765 No
2020-11-09 B. Riley Financial, Inc. 10%-Owner Buy 1,081,687 $10.13 $10,956,072 No
2020-11-06 B. Riley Financial, Inc. 10%-Owner Buy 1,607,930 $10.03 $16,128,515 No
2020-05-22 B. Riley Financial, Inc. 10%-Owner Buy 50,000 $9.98 $499,249 Yes

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.