Why insider trading matters?

Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.

- Peter Lynch
Michaels Companies, Inc. (MIK)
Sector: Consumer Cyclical; Industry: Specialty Retail

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. Further, it manufactures and supplies precut mats and custom framing merchandise; and distributes craft and hobby items products under the Darice brand. As of February 1, 2020, the company operated approximately 1,274 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, ConsumerCrafts.com, Canada.Michaels.com, Darice.com, and AaronBrothers.com websites, as well as through its Michaels app.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-01 Blackstone Group Management L.L.C. 10%-Owner Sell 10,000,000 $10.02 $100,200,000 No
2020-10-01 Blackstone Management Associates V L.L.C. 10%-Owner Sell 10,000,000 $10.02 $100,200,000 No
2019-12-09 PAPPAS PHILO Pres. - Merch. & Supply Chain Sell 1,242 $6.65 $8,259 No
2019-09-06 RAFF BERYL Director Buy 6,700 $7.47 $50,049 No
2018-01-26 RUBIN CARL Chairman & CEO Sell 220,930 $27.15 $5,998,386 Yes
2017-03-28 SONSTEBY CHARLES M Vice Chairman Sell 80,566 $22.12 $1,782,120 Yes
2017-03-09 SONSTEBY CHARLES M Vice Chairman Sell 38,754 $22.12 $857,238 No
2017-03-08 PAPPAS PHILO EVP-Category Management Sell 32,020 $22.00 $704,440 No
2017-01-27 Blackstone Group Management L.L.C. 10%-Owner Sell 18,000,000 $21.28 $383,040,000 No
2017-01-27 Blackstone Management Associates V L.L.C. 10%-Owner Sell 18,000,000 $21.28 $383,040,000 No
2016-12-16 Blackstone Group Management L.L.C. 10%-Owner Sell 12,000,000 $22.04 $264,480,000 No
2016-12-16 Blackstone Management Associates V L.L.C. 10%-Owner Sell 12,000,000 $22.04 $264,480,000 No
2016-12-02 PAPPAS PHILO EVP-Category Management Sell 1,152 $23.92 $27,556 No
2016-08-16 PAPPAS PHILO EVP-Category Management Sell 1,756 $25.48 $44,743 No
2016-07-18 Blackstone Group Management L.L.C. 10%-Owner Sell 5,500,000 $27.71 $152,405,000 No
2016-07-18 Blackstone Management Associates V L.L.C. 10%-Owner Sell 5,500,000 $27.71 $152,405,000 No
2016-07-18 LEVIN MATTHEW S 10%-Owner, Director Sell 5,179,885 $27.71 $143,534,613 No
2016-07-18 KLESSEL LEWIS 10%-Owner, Director Sell 5,179,885 $27.71 $143,534,613 No
2016-07-18 BAIN CAPITAL INVESTORS LLC 10%-Owner Sell 5,179,885 $27.71 $143,534,613 No
2016-07-18 BEKENSTEIN JOSHUA 10%-Owner, Director Sell 5,179,885 $27.71 $143,534,613 No
2016-07-18 PAPPAS PHILO EVP-Category Management Sell 2,205 $27.32 $60,241 No
2016-06-06 RUBIN CARL Chairman & CEO Sell 150,000 $30.29 $4,543,500 Yes
2016-06-02 Mullahy Dennis A. EVP-Supply Chain & IT Sell 7,421 $30.00 $222,630 No
2016-06-02 RUBIN CARL Chairman & CEO Sell 100,000 $30.00 $3,000,000 Yes
2016-05-03 VEITENHEIMER MICHAEL J EVP - General Counsel & Sec Sell 85,931 $28.61 $2,458,486 Yes
2016-05-02 Bachmeier Theodore J. EVP - Store Operations Sell 40,000 $29.00 $1,160,000 Yes
2016-05-02 Carlotti Stephen Jon EVP - Marketing Sell 40,000 $29.00 $1,160,000 Yes
2016-04-28 PAPPAS PHILO EVP-Category Management Sell 112,807 $28.82 $3,250,556 Yes
2016-04-26 PAPPAS PHILO EVP-Category Management Sell 192,878 $28.52 $5,501,062 Yes
2016-04-18 RUBIN CARL CEO Sell 75,000 $29.50 $2,212,500 Yes

Insider Smart

Delta Airlines (DAL) - From an insider's perspective: airlines are the first ones to go under due to the pandemic. A lot of concerns were raised on possible bankruptcy especially amid by the dump from Buffett. However, insiders of Delta were bold enough to buy when Buffett was fear. And Delta is the only airline bought by insiders post-Buffett-dump.

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.