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
LEXICON PHARMACEUTICALS, INC. (LXRX)
Sector: Healthcare; Industry: Biotechnology

Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of pharmaceutical products. The company offers XERMELO, an orally-delivered small molecule drug candidate for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog therapy in adults.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2019-08-02 BARKER SAM L Director Buy 24,000 $1.18 $28,200 No
2017-09-15 BARKER SAM L Director Buy 1,000 $12.50 $12,500 No
2009-10-22 BARKER SAM L Director Buy 19,000 $1.56 $29,672 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.