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
Moderna, Inc. (MRNA)
Sector: Healthcare; Industry: Biotechnology

Moderna, Inc., a clinical stage biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases. Moderna, Inc. also has a collaboration with Lonza Ltd. for the manufacture of mRNA-1273, a COVID-19 vaccine. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-01-13 Hoge Stephen President Sell 20,000 $219.67 $4,393,450 Yes
2022-01-03 Hoge Stephen President Sell 20,000 $247.08 $4,941,600 Yes
2021-12-23 Hoge Stephen President Sell 15,000 $247.30 $3,709,548 Yes
2021-12-13 Hoge Stephen President Sell 20,000 $257.01 $5,140,200 Yes
2021-12-03 Hoge Stephen President Sell 20,000 $309.85 $6,196,900 Yes
2021-11-03 Hoge Stephen President Sell 20,000 $344.27 $6,885,400 Yes
2021-10-25 Hoge Stephen President Sell 20,000 $331.80 $6,636,097 Yes
2021-10-13 Hoge Stephen President Sell 20,000 $314.48 $6,289,600 Yes
2021-10-04 Hoge Stephen President Sell 20,000 $307.54 $6,150,800 Yes
2021-09-24 Hoge Stephen President Sell 20,000 $448.46 $8,969,139 Yes
2021-09-13 Hoge Stephen President Sell 20,000 $447.41 $8,948,200 Yes
2021-09-02 Hoge Stephen President Sell 10,000 $393.13 $3,931,300 Yes
2021-08-24 Hoge Stephen President Sell 20,000 $400.13 $8,002,663 Yes
2021-07-06 Hoge Stephen President Sell 10,000 $229.62 $2,296,200 Yes
2021-06-24 Hoge Stephen President Sell 20,000 $215.59 $4,311,835 Yes
2021-06-14 Hoge Stephen President Sell 20,000 $213.32 $4,266,400 Yes
2021-06-03 Hoge Stephen President Sell 20,000 $186.40 $3,727,900 Yes
2021-05-24 Hoge Stephen President Sell 20,000 $163.55 $3,270,970 Yes
2021-05-13 Hoge Stephen President Sell 20,000 $152.98 $3,059,550 Yes
2021-05-03 Hoge Stephen President Sell 20,000 $183.66 $3,673,200 Yes
2021-04-26 Hoge Stephen President Sell 20,000 $172.09 $3,441,713 Yes
2021-04-13 Hoge Stephen President Sell 20,000 $145.58 $2,911,600 Yes
2021-04-05 Hoge Stephen President Sell 20,000 $132.63 $2,652,600 Yes
2021-03-24 Hoge Stephen President Sell 20,000 $140.83 $2,816,618 Yes
2021-03-15 Hoge Stephen President Sell 20,000 $136.26 $2,725,200 Yes
2021-03-03 Hoge Stephen President Sell 20,000 $149.69 $2,993,700 Yes
2021-02-24 Hoge Stephen President Sell 20,000 $147.92 $2,958,323 Yes
2021-02-16 Hoge Stephen President Sell 15,000 $182.80 $2,742,000 Yes
2021-02-12 Hoge Stephen President Sell 5,000 $185.00 $925,000 No
2021-02-03 Hoge Stephen President Sell 20,000 $157.46 $3,149,100 Yes

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