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
GRAN TIERRA ENERGY INC. (GTE)
Sector: Energy; Industry: Oil & Gas E&P

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2017-05-05 Ellson Ryan Chief Financial Officer Buy 16,000 $2.38 $38,080 No
2017-05-05 Guidry Gary President and CEO Buy 45,000 $2.39 $107,550 No
2017-03-21 Johnson Alan Martin VP, Asset Management Buy 12,000 $2.46 $29,520 No
2017-03-13 Wade Brooke N. Director Buy 142,600 $2.59 $369,334 No
2016-12-23 Hardy David Eldon VP, Legal and General Counsel Buy 9,000 $2.84 $25,560 No
2016-12-21 Hardy David Eldon VP, Legal and General Counsel Buy 15,000 $2.90 $43,500 No
2016-12-20 Royal Ronald Director Buy 115,000 $2.92 $335,800 No
2016-12-21 Caldwell Ed See Remarks Buy 15,000 $2.92 $43,800 No
2016-12-20 Smith David P Director Buy 65,000 $2.91 $189,150 No
2016-11-29 Hodgins Robert B. Director Buy 10,000 $2.63 $26,338 No
2016-11-29 Smith David P Director Buy 30,000 $3.00 $90,000 No
2016-11-29 Mawdsley Susan Lynn See Remarks Buy 20,000 $3.00 $60,000 No
2016-11-29 Trimble Rodger Derrick VP, Investor Relations Buy 12,500 $3.00 $37,500 No
2016-11-09 Mawdsley Susan Lynn See Remarks Buy 36,000 $2.98 $107,120 No
2016-11-09 West Lawrence Vice President, Exploration Buy 25,000 $3.05 $76,162 No
2015-12-14 Guidry Gary President and CEO Buy 71,376 $2.00 $142,609 No
2015-11-18 West Lawrence VP, Exploration Buy 13,000 $2.27 $29,549 No
2015-08-31 Evans Jim VP, Corp Services & Compliance Buy 61,000 $2.50 $152,494 No
2015-08-24 Nightingale Duncan Executive Vice President Buy 11,600 $1.93 $22,425 No
2015-08-20 Nightingale Duncan Executive Vice President Buy 7,000 $2.08 $14,583 No
2015-08-13 Hazell Evan Director Buy 30,000 $2.30 $69,045 No
2015-08-10 West Lawrence VP, Exploration Buy 17,000 $2.27 $38,607 No
2015-08-06 Guidry Gary President and CEO Buy 100,000 $2.19 $218,570 No
2015-08-06 Ellson Ryan CFO Buy 50,000 $2.20 $110,170 No
2015-06-09 Dey Peter James Director Buy 20,000 $2.94 $58,824 No
2015-06-10 Royal Ronald Director Buy 88,000 $3.09 $272,246 No
2015-06-24 Wade Brooke N. Director Buy 100,000 $2.91 $291,480 Yes
2015-06-15 Johnson Alan Martin VP, Asset Management Buy 26,400 $3.06 $80,670 No
2015-06-03 Price John Scott Ward Director Sell 400,000 $3.01 $1,203,610 No
2014-06-13 Orunesu Rafael Pres., GTE Argentina Sell 275,000 $7.57 $2,080,980 Yes

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

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.