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
PAR PACIFIC HOLDINGS, INC. (PARR)
Sector: Energy; Industry: Oil & Gas Refining & Marketing

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The Refining segment operates four refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Logistics segment owns and operates terminals, pipelines, a single-point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was founded in 1984 and is headquartered in Houston, Texas.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-06-24 CHAI TRUST CO LLC 10%-Owner Sell 100,000 $15.67 $1,567,441 No
2022-06-22 CHAI TRUST CO LLC Members of 10% Owner Group Sell 100,000 $16.68 $1,668,050 No
2022-06-17 CHAI TRUST CO LLC 10%-Owner Sell 120,000 $16.68 $2,001,764 No
2022-06-13 CHAI TRUST CO LLC 10%-Owner Sell 160,000 $18.64 $2,982,115 No
2022-06-07 Cooper L Melvin Director Sell 2,000 $20.11 $40,220 No
2022-06-06 CHAI TRUST CO LLC 10%-Owner Sell 455,366 $17.49 $7,965,860 No
2022-05-31 CHAI TRUST CO LLC 10%-Owner Sell 191,155 $16.63 $3,178,206 No
2022-05-24 CHAI TRUST CO LLC 10%-Owner Sell 173,711 $15.49 $2,690,281 No
2022-05-18 CHAI TRUST CO LLC 10%-Owner Sell 270,529 $15.58 $4,214,292 No
2022-05-16 CHAI TRUST CO LLC 10%-Owner Sell 181,735 $15.37 $2,792,500 No
2022-05-12 CHAI TRUST CO LLC 10%-Owner Sell 122,812 $14.41 $1,770,094 No
2022-05-10 CHAI TRUST CO LLC 10%-Owner Sell 163,003 $13.53 $2,205,787 No
2022-04-29 CHAI TRUST CO LLC 10%-Owner Sell 194,517 $15.14 $2,944,768 No
2022-04-27 CHAI TRUST CO LLC 10%-Owner Sell 132,268 $14.72 $1,947,330 No
2022-04-25 CHAI TRUST CO LLC 10%-Owner Sell 169,744 $14.63 $2,483,649 No
2022-04-21 CHAI TRUST CO LLC 10%-Owner Sell 783,609 $15.59 $12,213,060 No
2022-04-14 CHAI TRUST CO LLC 10%-Owner Sell 85,608 $14.60 $1,249,747 No
2022-04-12 CHAI TRUST CO LLC 10%-Owner Sell 56,619 $14.09 $797,956 No
2022-04-08 CHAI TRUST CO LLC 10%-Owner Sell 96,951 $13.88 $1,345,719 No
2022-04-06 CHAI TRUST CO LLC 10%-Owner Sell 36,181 $13.37 $483,698 No
2022-03-31 CHAI TRUST CO LLC 10%-Owner Sell 30,416 $13.03 $396,224 No
2022-03-24 CHAI TRUST CO LLC 10%-Owner Sell 33,198 $12.13 $402,576 No
2022-03-22 CHAI TRUST CO LLC 10%-Owner Sell 37,208 $12.21 $454,232 No
2022-03-10 CHAI TRUST CO LLC 10%-Owner Sell 41,079 $13.41 $551,017 No
2022-03-07 CHAI TRUST CO LLC 10%-Owner Sell 24,554 $12.19 $299,269 No
2022-03-01 CHAI TRUST CO LLC 10%-Owner Sell 124,714 $12.84 $1,600,743 No
2022-02-25 CHAI TRUST CO LLC 10%-Owner Sell 49,065 $13.53 $664,041 No
2022-02-24 CHAI TRUST CO LLC 10%-Owner Sell 99,913 $14.08 $1,406,407 No
2022-02-22 CHAI TRUST CO LLC 10%-Owner Sell 115,866 $14.89 $1,725,074 No
2022-02-16 CHAI TRUST CO LLC 10%-Owner Sell 94,024 $14.86 $1,396,863 No

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.