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
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
2020-12-11 SRS Investment Management, LLC 10%-Owner, Director Buy 9,800 $38.85 $380,687 No
2020-12-07 SRS Investment Management, LLC 10%-Owner, Director Buy 117,758 $38.87 $4,577,612 No
2020-11-20 SRS Investment Management, LLC 10%-Owner, Director Buy 104,900 $35.09 $3,681,318 No
2020-11-13 SRS Investment Management, LLC 10%-Owner, Director Buy 149,796 $35.83 $5,366,544 No
2020-09-11 SRS Investment Management, LLC 10%-Owner, Director Buy 279,249 $34.00 $9,494,037 No
2020-09-04 SRS Investment Management, LLC 10%-Owner, Director Buy 117,499 $34.73 $4,081,129 No
2020-09-01 SRS Investment Management, LLC 10%-Owner, Director Buy 222,050 $34.55 $7,672,546 No
2020-08-27 SRS Investment Management, LLC 10%-Owner, Director Buy 285,390 $33.50 $9,561,422 No
2020-08-24 SRS Investment Management, LLC 10%-Owner, Director Buy 212,337 $32.82 $6,968,162 No
2020-08-19 SRS Investment Management, LLC 10%-Owner, Director Buy 243,163 $31.52 $7,665,058 No
2020-05-28 SRS Investment Management, LLC 10%-Owner, Director Buy 499,640 $19.78 $9,883,152 No
2020-03-24 FOX JEFFREY H Director Buy 10,000 $16.16 $161,643 No
2020-03-24 SALERNO F ROBERT Director Buy 16,000 $15.96 $255,336 No
2020-03-02 Tucker Michael K EVP and General Counsel Sell 8,000 $32.00 $256,000 Yes
2020-02-25 COLEMAN LEONARD S JR Director Sell 25,000 $42.55 $1,063,750 No
2020-02-09 Hees Bernardo Director Buy 430,169 $34.87 $14,999,993 No
2019-12-12 De Shon Larry D CEO and President Sell 25,000 $33.00 $825,000 No
2019-05-03 Servodidio Mark J President, International Sell 38,000 $37.07 $1,408,660 No
2019-02-26 Tucker Michael K EVP and General Counsel Sell 4,796 $35.50 $170,258 No
2019-02-22 SRS Investment Management, LLC 10%-Owner Buy 4,189,300 $35.33 $148,007,969 Yes
2018-11-27 Calabria David T SVP & Chief Accounting Officer Sell 1,700 $29.29 $49,793 No
2018-08-17 COLEMAN LEONARD S JR Director Sell 13,000 $34.63 $450,190 No
2018-06-11 KROMINGA LYNN Director Sell 10,000 $40.00 $400,000 No
2018-05-24 Tucker Michael K EVP and General Counsel Sell 7,218 $43.00 $310,374 No
2018-05-04 Sweeney Stender E Director Sell 2,878 $45.00 $129,510 No
2018-05-07 Linnen Edward P EVP, Chief HR Officer Sell 5,000 $45.12 $225,600 No
2018-05-07 Hardy John D. Jr. Director Sell 1,022 $44.64 $45,622 No
2017-12-08 SRS Investment Management, LLC 10%-Owner Buy 3,500,000 $40.56 $141,960,000 Yes
2017-12-08 NELSON RONALD L Executive Chairman Sell 100,000 $40.90 $4,090,000 No
2017-12-08 Deaver W Scott EVP & CMO Sell 47,500 $40.80 $1,938,000 Yes

Insider Smart

PROSPECT CAPITAL CORP (PSEC) - PSEC is the 2nd most bought stock of the past 90 days by insiders, CEO seems very confident about the company.

Insider Smart

Altimmune, Inc. (ALT) - Venrock Healthcare Capital Partners III, L.P., 10%-owner of ALT bought 1.3M shares in late May then added another 1.5M shares in June with an averaged ~$8 per share. 10 days after the accumulation, ALT price jumped to $10.