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
Gordon Pointe Acquisition Corp. (GPAQ)
Sector: Financial Services; Industry: Shell Companies

Gordon Pointe Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination with one or more businesses or assets. Gordon Pointe Acquisition Corp. is the subsidiary of Voyager Holdings II, LLC.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-18 Dolan James J. 10%-Owner, Director Buy 60,000 $1.39 $83,400 Yes
2020-11-18 Schaefer Kimberly Director Buy 27,500 $1.39 $38,225 Yes
2020-11-18 Lichter Stuart 10%-Owner, Director Buy 100,000 $1.39 $139,000 Yes
2020-11-18 Holz Karl Director Buy 2,500 $1.39 $3,475 Yes
2020-11-18 Gould Lisa VP of Human Resources Buy 7,000 $1.39 $9,730 Yes
2020-11-18 Crawford Michael Anthony President, CEO Buy 58,500 $1.39 $81,315 Yes
2020-11-18 Charnes Tara General Counsel and Secretary Buy 12,214 $1.39 $16,977 Yes
2020-08-21 Crawford Michael Anthony President, CEO Buy 12,500 $4.50 $56,250 No
2020-08-19 Crawford Michael Anthony President, CEO Buy 11,500 $4.13 $47,495 No
2020-08-18 Crawford Michael Anthony President, CEO Buy 14,500 $4.20 $60,900 No
2020-08-18 Krom Jason Chief Financial Officer Buy 4,761 $4.20 $19,996 No
2020-08-17 Levy Michael S President of Operations Buy 15,000 $4.19 $62,850 No
2020-07-22 Klein Michael Stuart Director Sell 90,287 $12.18 $1,099,696 No
2020-07-14 Buzzelli Anthony J. Director Buy 680 $5.67 $3,856 No
2020-02-04 BASSO CAPITAL MANAGEMENT, L.P. 10%-Owner Sell 400,000 $10.62 $4,248,000 No

Insider Smart

Mohawk Group Holdings, Inc. (MWK) - Multiple insiders bought MWK in June around $5, stock moved sideways for a month then made a 60% jump in 10 days. Patience is the key.