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
MARCUS CORP (MCS)
Sector: Communication Services; Industry: Entertainment

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 17, 2020, it owned or operated 1,110 screens at 91 locations in 17 states under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands; and owned and managed 20 hotels, resorts, and other properties in eight states. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-04-05 OLSON BRUCE J Director Sell 4,623 $20.90 $96,621 No
2021-04-06 GERSHOWITZ DIANE M Director Sell 142,623 $21.65 $3,088,130 No
2021-04-05 GERSHOWITZ DIANE M Director Sell 96,994 $21.01 $2,038,242 No
2021-04-01 GERSHOWITZ DIANE M Director Sell 160,383 $20.19 $3,237,331 No
2021-03-19 Marcus Gregory S President and CEO Sell 45,500 $22.89 $1,041,306 No
2021-03-17 NEIS DOUGLAS A CFO and Treasurer Sell 25,000 $23.29 $582,258 Yes
2021-03-17 RODRIGUEZ ROLANDO B Pres. & CEO - Marcus Theatres Sell 13,000 $23.17 $301,223 No
2021-03-15 BAUM DAVID M Director Sell 4,000 $24.12 $96,461 No
2021-02-10 Marcus Gregory S President and CEO Sell 10,000 $17.27 $172,710 Yes
2021-02-03 Marcus Gregory S President and CEO Sell 50,000 $17.58 $878,861 Yes
2020-03-18 KISSINGER THOMAS F Sr Exec VP, Gen Counsel & Secy Buy 2,000 $8.07 $16,138 No
2020-03-02 BAUM DAVID M Director Buy 4,000 $25.34 $101,351 No
2020-02-27 KISSINGER THOMAS F Sr Exec VP, Gen Counsel & Secy Buy 1,500 $25.77 $38,662 Yes
2019-04-08 GERSHOWITZ DIANE M Director Sell 21,542 $40.26 $867,262 No
2019-04-01 GERSHOWITZ DIANE M Director Sell 28,907 $40.16 $1,161,001 No
2019-03-29 GERSHOWITZ DIANE M Director Sell 8,973 $40.05 $359,369 No
2019-03-28 GERSHOWITZ DIANE M Director Sell 34,928 $40.28 $1,406,757 No
2019-03-27 GERSHOWITZ DIANE M Director Sell 11,601 $40.05 $464,595 No
2019-03-21 GERSHOWITZ DIANE M Director Sell 4,418 $40.00 $176,720 No
2019-03-18 GERSHOWITZ DIANE M Director Sell 46,600 $40.58 $1,891,002 No
2019-03-14 GERSHOWITZ DIANE M Director Sell 29,540 $41.24 $1,218,298 No
2019-03-12 GERSHOWITZ DIANE M Director Sell 13,491 $41.50 $559,908 No
2019-02-06 VSS-Southern Holdings LLC 10%-Owner Sell 1,725,000 $39.83 $68,706,750 No
2019-01-09 KISSINGER THOMAS F Sr Exec VP, Gen Counsel & Secy Sell 2,850 $42.73 $121,777 No
2018-11-27 MILSTEIN PHILIP L Director Sell 5,000 $42.32 $211,619 No
2018-09-12 Marcus Gregory S President and CEO Sell 89,093 $41.05 $3,657,460 Yes
2018-09-05 KISSINGER THOMAS F Sr Exec VP, Gen Counsel & Secy Sell 6,000 $41.37 $248,246 No
2018-08-31 RODRIGUEZ ROLANDO B Pres. & CEO - Marcus Theatres Sell 10,450 $40.56 $423,876 No
2018-07-31 RODRIGUEZ ROLANDO B Pres. & CEO - Marcus Theatres Sell 4,125 $38.62 $159,311 No
2018-08-29 OLSON BRUCE J Director Sell 3,600 $38.80 $139,680 No

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.

Insider Smart

Altimmune, Inc. (ALT) - Venrock Healthcare Capital Partners III, L.P., 10%-owner of ALT bought 1.3M shares in late May then added another 1.5M shares in June with an averaged ~$8 per share. 10 days after the accumulation, ALT price jumped to $10.