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
Sector: Consumer Cyclical; Industry: Footwear & Accessories

Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer in North America, Europe, the Middle East, Africa, and the Asia Pacific. The company retails athletic footwear, apparel, accessories, and equipment under Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep brand names. It also sells team licensed merchandise for high school and other athletes.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-17 Johnson Richard A President & CEO Sell 13,370 $40.02 $535,065 Yes
2020-11-09 Johnson Richard A President & CEO Sell 66,630 $40.57 $2,703,179 Yes
2019-02-20 Johnson Richard A President & CEO Sell 80,000 $60.01 $4,800,585 Yes
2018-01-19 Johnson Richard A President & CEO Sell 25,000 $50.05 $1,251,250 Yes
2016-08-19 Johnson Richard A Chairman, President & CEO Sell 50,000 $68.04 $3,402,012 Yes
2013-12-11 Johnson Richard A EVP and COO Sell 38,326 $38.52 $1,476,417 Yes
2012-05-25 Johnson Richard A EVP and COO Sell 50,040 $31.97 $1,600,004 Yes
2011-11-29 Johnson Richard A EVP, Grp Pres - Retail Stores Sell 28,000 $22.99 $643,689 Yes

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.