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
AVIS BUDGET GROUP, INC. (CAR)
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
2018-05-07 Linnen Edward P EVP, Chief HR Officer Sell 5,000 $45.12 $225,600 No
2017-08-31 Linnen Edward P EVP, Chief HR Officer Sell 3,000 $36.09 $108,270 No
2016-08-24 Linnen Edward P EVP, Chief HR Officer Sell 4,000 $36.69 $146,760 No
2015-03-04 Linnen Edward P EVP, Chief HR Officer Sell 2,700 $60.58 $163,566 No
2014-08-06 Linnen Edward P SVP, Chief HR Officer Sell 5,000 $59.63 $298,150 No
2014-02-26 Linnen Edward P SVP, Chief HR Officer Sell 5,100 $46.65 $237,915 No
2013-02-20 Linnen Edward P SVP, Chief HR Officer Sell 6,700 $24.11 $161,537 No

Insider Smart

Planet Fitness, Inc (PLNT) - Our position in PLNT is also inspired by insider trading, if insiders are comfortable and confident buying around $50, it is an easy hold if you can pick it up at an even lower price. Our avg cost of the position is ~$40 and is now with 50% profit.

Insider Smart

MGM Resorts International (MGM) - If we were to pick one of the easy trade from the crash, it has to be MGM, checkout the impressive insider buying after crash. Do you really need more confidence to pull the trigger? That's the mental edge you need to work against fear.