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
MID PENN BANCORP INC (MPB)
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

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.

Insider Smart

Upwork Inc (UPWK) - GRETSCH GREGORY C. Director of Upwork, made a bulk buy of 500K shares right before the big gap up, which is also the largest buy of the past 12 months.