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
Eagle Bulk Shipping Inc. (EGLE)
Sector: Industrials; Industry: Marine Shipping

Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including coal, grains, iron ore, fertilizers, steel products, petcoke, cement, and forest products.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2007-01-16 Kelso GP VII, LLC See Footnote 2 Sell 7,202,679 $16.93 $121,941,355 No
2006-11-17 Kelso GP VII, LLC See Footnote 2 Sell 2,700,000 $15.51 $41,877,000 No
2006-09-18 Kelso GP VII, LLC See Footnote 2 Sell 2,300,000 $14.52 $33,396,000 No

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