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
MOMENTA PHARMACEUTICALS INC (MNTA)
Sector: Healthcare; Industry: Drug Manufacturers—Specialty & Generic

Momenta Pharmaceuticals, Inc., a biotechnology company, focuses on the discovery and development of novel biologic therapies for the treatment of rare immune-mediated diseases in the United States. The company's biosimilar programs comprise M923, a biosimilar of HUMIRA for the treatment of patients with rheumatoid arthritis, crohn's disease, ulcerative colitis, and psoriasis; and M710, a biosimilar of EYLEA for the treatment of neovascular age-related macular degeneration, macular edema following retinal vein occlusion, diabetic macular edema (DME), and diabetic retinopathy in patients with DME. The company has collaboration and license agreements with Sandoz AG, Mylan Ireland Limited, and CSL Behring Recombinant Facility AG.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-08-20 FIER IAN Chief Mfg and Program Officer Sell 1,808 $52.17 $94,323 Yes
2020-08-19 Gutierrez-Ramos Jose-Carlos Director Sell 10,000 $52.09 $520,900 Yes
2020-08-13 Manning Anthony M. Chief Scientific Officer Sell 403 $29.31 $11,813 No
2020-08-13 WHEELER CRAIG A President & CEO Sell 2,777 $28.55 $79,283 Yes
2020-08-12 BELTRAMELLO JO ANN Chief HR and Inf. Officer Sell 6,923 $28.02 $193,951 Yes
2020-08-10 Manning Anthony M. Chief Scientific Officer Sell 347 $32.36 $11,229 Yes
2020-08-10 KWON YOUNG Chief Financial & Bus. Officer Sell 652 $32.36 $21,099 Yes
2020-08-10 FIER IAN Chief Mfg and Program Officer Sell 330 $32.36 $10,679 Yes
2020-08-10 BELTRAMELLO JO ANN Chief HR and Inf. Officer Sell 3,312 $32.07 $106,208 Yes
2020-08-10 WHEELER CRAIG A President & CEO Sell 2,601 $31.21 $81,177 Yes
2020-08-05 GILMAN STEVEN C Director Sell 13,000 $32.75 $425,750 Yes
2020-08-05 GEMAYEL GEORGES Director Sell 10,000 $33.00 $330,000 Yes
2020-08-05 Arroyo Santiago SVP, Chief Medical Officer Sell 34,636 $32.25 $1,117,049 Yes
2020-08-04 FIER IAN Chief Mfg and Program Officer Sell 24,969 $32.76 $817,984 Yes
2020-07-29 Arroyo Santiago SVP, Chief Medical Officer Sell 39,618 $30.00 $1,188,540 Yes
2020-07-29 GEMAYEL GEORGES Director Sell 10,000 $30.00 $300,000 Yes
2020-07-29 GILMAN STEVEN C Director Sell 10,000 $29.70 $297,000 Yes
2020-07-28 Arroyo Santiago SVP, Chief Medical Officer Sell 681 $30.00 $20,430 No
2020-07-27 BELTRAMELLO JO ANN Chief HR and Inf. Officer Sell 1,219 $30.00 $36,570 No
2020-07-22 GILMAN STEVEN C Director Sell 10,000 $33.23 $332,300 Yes
2020-07-22 FIER IAN Chief Mfg and Program Officer Sell 33,504 $32.48 $1,088,313 Yes
2020-07-21 Manning Anthony M. Chief Scientific Officer Sell 1,939 $34.69 $67,260 No
2020-07-22 Arroyo Santiago SVP, Chief Medical Officer Sell 51,906 $34.53 $1,792,526 Yes
2020-07-20 Arroyo Santiago SVP, Chief Medical Officer Sell 1,561 $33.95 $52,996 Yes
2020-07-20 Manning Anthony M. Chief Scientific Officer Sell 51,099 $33.91 $1,732,830 Yes
2020-07-20 KWON YOUNG Chief Financial & Bus. Officer Sell 1,561 $33.95 $52,996 Yes
2020-07-20 FIER IAN Chief Mfg and Program Officer Sell 1,087 $33.95 $36,904 Yes
2020-07-20 Carvajal Alejandra Chief Legal Officer Sell 1,087 $33.95 $36,904 Yes
2020-07-20 BELTRAMELLO JO ANN Chief HR and Inf. Officer Sell 1,087 $33.95 $36,904 Yes
2020-07-15 Arroyo Santiago SVP, Chief Medical Officer Sell 51,354 $35.35 $1,815,364 Yes

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