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
ELI LILLY & Co (LLY)
Sector: Healthcare; Industry: Drug Manufacturers—General

Eli Lilly and Company discovers, develops, manufactures, and markets pharmaceutical products worldwide. It offers endocrinology products for diabetes; osteoporosis in postmenopausal women and men; and human growth hormone deficiency and paediatric growth conditions. In addition, it offers immunology products for the treatment of rheumatoid arthritis, plaque psoriasis, psoriatic arthritis, and ankylosing spondylitis; oncology products to treat non-small cell lung, colorectal, head and neck, pancreatic, metastatic breast, ovarian, bladder, and metastatic gastric cancers, as well as malignant pleural mesothelioma; and products to treat erectile dysfunction and benign prostatic hyperplasia.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-01-15 LILLY ENDOWMENT INC 10%-Owner Sell 215,000 $190.80 $41,022,862 No
2021-01-13 LILLY ENDOWMENT INC 10%-Owner Sell 210,000 $185.97 $39,053,064 No
2021-01-11 LILLY ENDOWMENT INC 10%-Owner Sell 220,000 $185.49 $40,807,754 No
2020-09-08 Barnes Melissa S Chief Eth/Cmpl Ofcr & SVP, ERM Sell 5,000 $151.01 $755,050 No
2020-09-08 Barnes Melissa S Chief Eth/Cmpl Ofcr & SVP, ERM Sell 5,000 $151.01 $755,050 No
2020-08-17 Fry Stephen F SVP, HR & Diversity Sell 7,204 $150.64 $1,085,211 No
2020-07-09 Zulueta Alfonso G SVP & President, Lilly Int'l Sell 11,000 $170.00 $1,870,000 No
2020-07-09 LILLY ENDOWMENT INC 10%-Owner Sell 12,961 $169.69 $2,199,392 No
2020-07-07 LILLY ENDOWMENT INC 10%-Owner Sell 210,000 $167.29 $35,131,799 No
2020-07-06 LILLY ENDOWMENT INC 10%-Owner Sell 205,000 $166.99 $34,232,086 No
2020-06-30 LILLY ENDOWMENT INC 10%-Owner Sell 166,832 $163.20 $27,227,760 No
2020-06-26 LILLY ENDOWMENT INC 10%-Owner Sell 31,737 $163.01 $5,173,404 No
2020-06-29 LILLY ENDOWMENT INC 10%-Owner Sell 11,431 $163.39 $1,867,760 No
2020-06-26 LILLY ENDOWMENT INC 10%-Owner Sell 31,737 $163.01 $5,173,404 No
2020-06-18 LILLY ENDOWMENT INC 10%-Owner Sell 53,770 $161.54 $8,686,046 No
2020-06-17 LILLY ENDOWMENT INC 10%-Owner Sell 161,230 $161.38 $26,019,469 No
2020-06-16 Zulueta Alfonso G SVP & President, Lilly Int'l Sell 17,000 $162.94 $2,770,000 No
2020-06-16 LILLY ENDOWMENT INC 10%-Owner Sell 212,337 $162.92 $34,593,145 No
2020-06-05 Zulueta Alfonso G SVP & President, Lilly Int'l Sell 10,000 $150.00 $1,500,000 No
2020-04-27 LILLY ENDOWMENT INC 10%-Owner Sell 12,663 $163.60 $2,071,715 No
2020-04-24 LILLY ENDOWMENT INC 10%-Owner Sell 220,000 $162.47 $35,743,218 No
2020-04-23 LILLY ENDOWMENT INC 10%-Owner Sell 230,000 $160.12 $36,826,587 No
2020-04-14 Shah Aarti S. SVP & CIO Sell 2,000 $150.00 $300,000 No
2020-04-09 LILLY ENDOWMENT INC 10%-Owner Sell 230,000 $145.42 $33,445,542 No
2020-04-07 LILLY ENDOWMENT INC 10%-Owner Sell 172,315 $143.20 $24,676,281 No
2020-04-06 LILLY ENDOWMENT INC 10%-Owner Sell 15,962 $142.73 $2,278,322 No
2020-04-03 LILLY ENDOWMENT INC 10%-Owner Sell 26,723 $143.19 $3,826,493 No
2020-04-02 LILLY ENDOWMENT INC 10%-Owner Sell 166,038 $140.78 $23,374,654 No
2020-03-31 LILLY ENDOWMENT INC 10%-Owner Sell 38,962 $140.07 $5,457,474 No
2020-03-30 LILLY ENDOWMENT INC 10%-Owner Sell 210,000 $139.11 $29,213,559 No

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.

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.