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
New Beginnings Acquisition Corp. (NBA.U)

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-12 New Beginnings Sponsor, LLC 10%-Owner Buy 545,000 $10.00 $5,450,000 No
2020-11-12 Liebowitz Michael Chief Executive Officer Buy 545,000 $10.00 $5,450,000 No
2020-11-12 Galbut Russell W Chairman of the Board Buy 545,000 $10.00 $5,450,000 No

Insider Smart

MGM Resorts International (MGM) - If we were to pick one of the easy trade from the crash, it has to be MGM, checkout the impressive insider buying after crash. Do you really need more confidence to pull the trigger? That's the mental edge you need to work against fear.

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.