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
Sector: Financial Services; Industry: Banks—Regional

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2019, it operates 39 full service retail banking locations in Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Millersburg, Pennsylvania.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-12-31 Frank Joel L. Director Buy 79 $31.74 $2,507 No
2021-09-30 Frank Joel L. Director Buy 91 $27.55 $2,507 No
2021-06-30 Frank Joel L. Director Buy 91 $27.45 $2,498 No
2021-03-31 Frank Joel L. Director Buy 93 $26.81 $2,493 No
2020-12-31 Frank Joel L. Director Buy 114 $21.90 $2,497 No
2020-09-30 Frank Joel L. Director Buy 144 $17.31 $2,493 No
2020-06-30 Frank Joel L. Director Buy 136 $18.43 $2,506 No
2020-03-31 Frank Joel L. Director Buy 123 $20.25 $2,491 No
2019-12-31 Frank Joel L. Director Buy 87 $28.80 $2,506 No
2019-09-30 Frank Joel L. Director Buy 98 $25.63 $2,512 No
2019-06-28 Frank Joel L. Director Buy 100 $24.95 $2,495 No
2019-03-29 Frank Joel L. Director Buy 102 $24.50 $2,499 No
2018-12-31 Frank Joel L. Director Buy 108 $23.02 $2,486 No

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

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.