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
CONSOLIDATED EDISON INC (ED)
Sector: Utilities; Industry: Utilities—Regulated Electric

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,589 customers in parts of Manhattan. The company primarily sells electricity to industrial, commercial, residential, and government customers.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-10-31 Miller Joseph VP & Controller Buy 3 $87.96 $222 No
2022-09-30 Miller Joseph VP & Controller Buy 12 $85.76 $1,021 No
2022-09-15 Miller Joseph VP & Controller Buy 1 $99.55 $86 No
2022-08-31 Miller Joseph VP & Controller Buy 2 $97.74 $222 No
2022-07-31 Miller Joseph VP & Controller Buy 2 $99.27 $222 No
2022-06-15 Miller Joseph VP & Controller Buy 1 $89.27 $86 No
2022-05-31 Miller Joseph VP & Controller Buy 2 $99.26 $222 No
2022-04-30 Miller Joseph VP & Controller Buy 2 $92.74 $222 No
2022-03-31 Miller Joseph VP & Controller Buy 10 $94.68 $994 No
2022-03-15 Miller Joseph VP & Controller Buy 1 $90.41 $85 No
2022-01-31 Miller Joseph VP & Controller Buy 3 $86.45 $222 No
2021-12-31 Miller Joseph VP & Controller Buy 11 $85.32 $965 No
2021-12-15 Miller Joseph VP & Controller Buy 1 $83.26 $82 No
2021-11-30 Miller Joseph VP & Controller Buy 3 $75.40 $222 No
2021-10-31 Miller Joseph VP & Controller Buy 3 $75.40 $222 No
2021-09-30 Miller Joseph VP & Controller Buy 13 $72.59 $948 No
2021-09-15 Miller Joseph VP & Controller Buy 1 $73.99 $82 No
2021-06-30 Miller Joseph VP & Controller Buy 13 $71.72 $932 No
2021-12-15 Miller Joseph VP & Controller Buy 1 $83.26 $82 No
2021-10-31 Miller Joseph VP & Controller Buy 3 $75.40 $222 No
2021-09-30 Miller Joseph VP & Controller Buy 13 $72.59 $948 No
2021-09-15 Miller Joseph VP & Controller Buy 1 $73.99 $82 No
2021-06-30 Miller Joseph VP & Controller Buy 13 $71.72 $932 No
2021-04-30 Miller Joseph VP & Controller Buy 3 $77.41 $222 No
2021-03-31 Miller Joseph VP & Controller Buy 12 $74.80 $916 No
2021-03-15 Miller Joseph VP & Controller Buy 1 $71.28 $80 No
2021-02-28 Miller Joseph VP & Controller Buy 3 $65.65 $222 No
2021-01-31 Miller Joseph VP & Controller Buy 3 $70.78 $222 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.