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
2020-06-09 Zaks Tal Zvi Chief Medical Officer Sell 39,752 $58.47 $2,324,364 Yes
2020-06-05 Bancel Stephane Chief Executive Officer Sell 11,046 $57.85 $639,056 No
2020-06-01 Bancel Stephane Chief Executive Officer Sell 15,924 $59.44 $946,591 No
2020-05-12 NABEL ELIZABETH G Director Sell 30,000 $66.00 $1,980,000 No
2020-05-20 HENDERSON LORI M. General Counsel and Secretary Sell 64,000 $70.00 $4,480,000 No
2020-05-05 Zaks Tal Zvi Chief Medical Officer Sell 4,770 $50.48 $240,790 No
2020-05-19 Zaks Tal Zvi Chief Medical Officer Sell 125,044 $78.16 $9,773,439 No
2020-05-26 Hoge Stephen President Sell 200 $66.11 $13,222 No
2020-05-01 Andres Juan nan Sell 3,934 $49.69 $195,480 No
2020-05-13 Andres Juan nan Sell 1,300 $66.89 $86,957 No
2020-05-15 Kim Lorence H. Chief Financial Officer Sell 2,600 $63.80 $165,880 No
2020-05-20 Bancel Stephane Chief Executive Officer Sell 12,558 $70.00 $879,060 No
2020-06-02 Kim Lorence H. Chief Financial Officer Sell 241,000 $58.30 $14,050,300 Yes
2020-06-02 Zaks Tal Zvi Chief Medical Officer Sell 98,956 $58.32 $5,771,275 Yes
2020-06-01 Bancel Stephane Chief Executive Officer Sell 30,558 $60.99 $1,863,704 No
2020-05-27 Kim Lorence H. Chief Financial Officer Sell 241,000 $51.13 $12,322,330 Yes
2020-05-26 Zaks Tal Zvi Chief Medical Officer Sell 125,044 $66.54 $8,320,428 Yes
2020-05-26 Hoge Stephen President Sell 10,000 $61.85 $618,485 No
2020-05-22 Flagship Ventures Fund IV General Partner LLC 10%-Owner, Director Sell 1,000,000 $68.22 $68,219,276 No
2020-05-22 Bancel Stephane Chief Executive Officer Sell 11,046 $68.92 $761,250 No
2020-05-20 HENDERSON LORI M. General Counsel and Secretary Sell 64,000 $70.00 $4,480,000 Yes
2020-05-20 Bancel Stephane Chief Executive Officer Sell 16,744 $70.00 $1,172,080 No
2020-05-19 Zaks Tal Zvi Chief Medical Officer Sell 125,044 $78.16 $9,773,439 Yes
2020-05-18 Kim Lorence H. Chief Financial Officer Sell 261,000 $80.85 $21,101,992 Yes
2020-05-15 Bancel Stephane Chief Executive Officer Sell 11,046 $65.56 $724,200 No
2020-05-13 Hoge Stephen President Sell 10,000 $64.56 $645,615 No
2020-05-13 Andres Juan See remarks Sell 127,500 $64.67 $8,244,843 Yes
2020-05-12 Kim Lorence H. Chief Financial Officer Sell 241,000 $64.49 $15,541,142 Yes
2020-05-12 Zaks Tal Zvi Chief Medical Officer Sell 125,044 $64.43 $8,055,981 Yes
2020-05-12 NABEL ELIZABETH G Director Sell 30,000 $66.00 $1,980,000 No

Insider Smart

Edesa Biotech, Inc. (EDSA) - President and CEO bought shares of EDSA in late May around $3, two weeks after their purchase, the stock jump to $9, very well timed buy.

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.