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
Sector: Industrials; Industry: Rental & Leasing Services

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 575 dealer-operated and 420 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2019-05-03 Servodidio Mark J President, International Sell 38,000 $37.07 $1,408,660 No
2017-08-31 Servodidio Mark J President, International Sell 29,000 $36.07 $1,046,030 No
2016-05-17 Servodidio Mark J President, International Buy 1,900 $26.26 $49,894 No
2012-12-18 Servodidio Mark J EVP, Chief Admin Officer Sell 20,000 $19.50 $390,000 Yes
2012-05-01 Servodidio Mark J EVP, Chief Admin Officer Sell 25,000 $14.62 $365,500 Yes
2011-10-04 Servodidio Mark J EVP, Chief Admin Officer Buy 1,500 $9.07 $13,599 No
2011-02-18 Servodidio Mark J EVP & Chief Admin Ofc Sell 30,000 $16.22 $486,600 Yes
2010-01-28 Servodidio Mark J EVP, Human Resources Sell 56,250 $11.11 $624,938 Yes

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