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
LEGG MASON, INC. (LM)
Sector: Financial Services; Industry: Asset Management

Legg Mason, Inc. is a publicly owned asset management holding company. It launches and manages equity, fixed income, and multi-asset customized portfolios through its subsidiaries. The firm also launches and manages mutual funds and exchange traded funds for its clients through its subsidiaries. Through its subsidiaries, the firm also invests in alternative markets.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-06-10 SULLIVAN JOSEPH A Chairman, President & CEO Sell 648,178 $49.98 $32,395,936 Yes
2020-06-09 SULLIVAN JOSEPH A Chairman, President & CEO Sell 16,634 $50.04 $832,365 Yes
2020-06-08 SULLIVAN JOSEPH A Chairman, President & CEO Sell 223,256 $50.04 $11,171,730 Yes
2020-03-31 SULLIVAN JOSEPH A Chairman, President & CEO Sell 22,871 $48.74 $1,114,733 Yes
2019-05-16 SULLIVAN JOSEPH A Sr. Executive Vice President Sell 26,470 $36.18 $957,685 Yes
2018-05-16 SULLIVAN JOSEPH A Sr. Executive Vice President Sell 31,336 $38.81 $1,216,060 Yes
2017-02-16 SULLIVAN JOSEPH A Chairman, President & CEO Sell 29,744 $36.06 $1,072,569 Yes
2016-02-01 SULLIVAN JOSEPH A Chairman, President & CEO Sell 53,418 $29.70 $1,586,515 Yes
2016-01-26 SULLIVAN JOSEPH A Chairman, President & CEO Buy 25,000 $29.81 $745,250 No
2010-02-08 SULLIVAN JOSEPH A Sr. Executive Vice President Buy 26,031 $24.96 $649,799 No

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Ovintiv Inc (OVV) - Insiders of OVV have been HEAVILY accumulating shares in March with a sub-$3 cost. And the stock is now $11. An awesome 400% gain can't be missed if you found it was heavily accumulated earlier.