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
BurgerFi International, Inc. (OPES)
Sector: Financial Services; Industry: Shell Companies

Opes Acquisition Corp. does not have significant operations.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-12-16 Sternberg Ophir Executive Chairman Buy 1,000,000 $10.00 $10,000,000 Yes
2020-12-16 Lionheart Equities, LLC 10%-Owner Buy 1,000,000 $10.00 $10,000,000 Yes
2020-12-16 Greenfield Allison Director Buy 4,616 $10.60 $48,930 No
2019-09-17 Canedo White Jose Antonio Chief Executive Officer Sell 207,000 $0.01 $1,863 No

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.

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.