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
Ovintiv Inc. (OVV)
Sector: Energy; Industry: Oil & Gas E&P

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-06-01 Mayson Howard John Director Sell 550 $58.28 $32,052 No
2022-05-27 Mayson Howard John Director Sell 1,450 $54.26 $78,679 No
2022-03-18 Mayson Howard John Director Sell 2,200 $48.09 $105,801 No
2020-09-25 Mayson Howard John Director Sell 8,100 $8.48 $68,696 No
2020-03-19 Mayson Howard John Director Buy 8,000 $2.71 $21,672 No
2020-03-09 Mayson Howard John Director Buy 4,000 $3.59 $14,368 No

Insider Smart

PROSPECT CAPITAL CORP (PSEC) - PSEC is the 2nd most bought stock of the past 90 days by insiders, CEO seems very confident about the company.

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.