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
GERMAN AMERICAN BANCORP, INC. (GABC)
Sector: Financial Services; Industry: Banks—Regional

German American Bancorp, Inc. operates as the bank holding company for German American Bank that provides retail and commercial banking services. The Core Banking segment accepts various deposit products from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2018-05-15 VOYLES MICHAEL J Director Buy 80 $35.17 $2,800 No
2018-04-15 VOYLES MICHAEL J Director Buy 20 $34.53 $700 No
2018-03-15 VOYLES MICHAEL J Director Buy 60 $34.91 $2,100 No
2018-02-15 VOYLES MICHAEL J Director Buy 61 $34.41 $2,100 No
2018-01-15 VOYLES MICHAEL J Director Buy 19 $37.04 $700 No
2017-12-15 VOYLES MICHAEL J Director Buy 19 $36.61 $700 No
2017-11-15 VOYLES MICHAEL J Director Buy 59 $35.37 $2,100 No
2017-10-16 VOYLES MICHAEL J Director Buy 19 $37.55 $713 No
2017-09-15 VOYLES MICHAEL J Director Buy 21 $34.05 $700 No
2017-08-15 VOYLES MICHAEL J Director Buy 238 $32.74 $7,800 No
2017-07-17 VOYLES MICHAEL J Director Buy 578 $34.63 $20,014 No
2017-06-15 VOYLES MICHAEL J Director Buy 22 $32.46 $700 No
2017-05-15 VOYLES MICHAEL J Director Buy 66 $32.03 $2,114 No
2017-04-15 VOYLES MICHAEL J Director Buy 30 $46.85 $1,400 No
2017-03-15 VOYLES MICHAEL J Director Buy 15 $47.19 $700 No
2017-02-15 VOYLES MICHAEL J Director Buy 43 $49.05 $2,109 No
2017-01-15 VOYLES MICHAEL J Director Buy 28 $49.96 $1,400 No
2016-10-17 VOYLES MICHAEL J Director Buy 18 $38.27 $700 No
2016-08-15 VOYLES MICHAEL J Director Buy 240 $34.94 $8,400 No
2016-07-15 VOYLES MICHAEL J Director Buy 586 $34.13 $20,000 No
2016-05-19 VOYLES MICHAEL J Director Buy 637 $31.57 $20,107 No
2016-04-15 VOYLES MICHAEL J Director Buy 18 $33.06 $595 No
2016-03-15 VOYLES MICHAEL J Director Buy 37 $32.40 $1,199 No
2016-02-15 VOYLES MICHAEL J Director Buy 57 $31.61 $1,800 No
2016-01-15 VOYLES MICHAEL J Director Buy 19 $31.65 $600 No
2015-11-16 VOYLES MICHAEL J Director Buy 55 $32.51 $1,800 No
2015-10-15 VOYLES MICHAEL J Director Buy 40 $30.26 $1,200 No
2015-09-15 VOYLES MICHAEL J Director Buy 20 $29.59 $600 No
2015-08-17 VOYLES MICHAEL J Director Buy 248 $29.82 $7,400 No
2015-07-15 VOYLES MICHAEL J Director Buy 654 $30.60 $20,000 No

Insider Smart

Carvana Co (CVNA) - One of the best timed insider buying in the crash is from GARCIA ERNEST C. II 10%-owner of CVNA. Bought at 45 and now with a 100%+ profit.

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.