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
Eton Pharmaceuticals, Inc. (ETON)
Sector: Healthcare; Industry: Biotechnology

Eton Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on developing and commercializing pharmaceutical products. The company offers Biorphen, a phenylephrine hydrochloride injection for the treatment of clinically important hypotension resulting primarily from vasodilation in the setting of anesthesia.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-16 Opaleye Management Inc. 10%-Owner Buy 400,000 $7.00 $2,800,000 No
2019-08-13 BRYNJELSEN SEAN President & CEO Buy 5,000 $6.15 $30,750 No
2019-08-09 CASAMENTO CHARLES J Director Buy 3,500 $6.11 $21,370 No
2019-05-21 BRYNJELSEN SEAN President & CEO Buy 10,000 $7.93 $79,326 No
2018-11-15 CASAMENTO CHARLES J Director Buy 5,000 $6.00 $30,000 Yes
2018-11-15 BRYNJELSEN SEAN President & CEO Buy 10,000 $6.00 $60,000 Yes
2018-11-15 MAIER PAUL V Director Buy 5,000 $6.00 $30,000 No
2018-11-15 RIEDEL NORBERT G Director Buy 5,000 $6.00 $30,000 No
2018-11-15 Troutman William Wilson CFO, Treasurer & Secretary Buy 5,000 $6.00 $30,000 No
2018-11-15 BAUM MARK L Director Buy 10,000 $6.00 $60,000 No

Insider Smart

Delta Airlines (DAL) - From an insider's perspective: airlines are the first ones to go under due to the pandemic. A lot of concerns were raised on possible bankruptcy especially amid by the dump from Buffett. However, insiders of Delta were bold enough to buy when Buffett was fear. And Delta is the only airline bought by insiders post-Buffett-dump.

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.