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
PENN NATIONAL GAMING INC (PENN)
Sector: Consumer Cyclical; Industry: Resorts & Casinos

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of March 16, 2020, the company owned, managed, or had ownership interests in 41 gaming and racing properties in 19 jurisdictions. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-09-13 Snowden Jay A President and CEO Sell 14,900 $80.46 $1,198,854 Yes
2021-03-15 Snowden Jay A President and CEO Sell 71,540 $140.61 $10,059,330 Yes
2021-02-08 Reibstein Saul Director Sell 10,000 $124.98 $1,249,806 Yes
2021-02-08 CARLINO PETER M Chairman Emeritus Sell 3,000,000 $123.80 $371,400,000 No
2021-02-08 SHATTUCK KOHN BARBARA Director Sell 3,100 $120.24 $372,744 No
2021-02-08 SCACCETTI JANE Director Buy 820 $120.99 $99,212 No
2021-01-15 LaBombard Christine SVP and CAO Sell 11,831 $104.51 $1,236,458 Yes
2021-01-05 Reibstein Saul Director Sell 6,579 $82.06 $539,865 Yes
2020-12-21 LaBombard Christine SVP and CAO Sell 6,732 $91.00 $612,612 No
2020-12-08 HANDLER DAVID A Chairman of the Board Sell 55,000 $75.05 $4,127,894 No
2020-12-01 Snowden Jay A President and CEO Sell 183,440 $69.44 $12,737,782 Yes
2020-11-30 Sottosanti Carl EVP, General Counsel and Sec. Sell 93,134 $72.32 $6,735,551 Yes
2020-10-26 Sottosanti Carl EVP, General Counsel and Sec. Sell 63,940 $60.23 $3,851,078 Yes
2020-10-09 LaBombard Christine SVP and CAO Sell 13,400 $66.36 $889,224 No
2020-09-21 Reibstein Saul Director Sell 20,000 $69.55 $1,391,000 Yes
2020-09-21 SHATTUCK KOHN BARBARA Director Sell 10,000 $69.57 $695,671 No
2020-08-13 Reibstein Saul Director Sell 36,000 $49.63 $1,786,570 Yes
2020-08-11 LaBombard Christine SVP and CAO Sell 6,540 $49.03 $320,656 Yes
2020-08-10 SHATTUCK KOHN BARBARA Director Sell 5,000 $45.43 $227,150 No
2020-08-11 Sottosanti Carl EVP, General Counsel and Sec. Sell 92,337 $47.10 $4,349,452 Yes
2020-07-16 Reibstein Saul Director Sell 33,636 $35.07 $1,179,615 Yes
2020-07-15 Sottosanti Carl EVP, General Counsel and Sec. Sell 132,641 $31.94 $4,236,554 Yes
2020-05-13 HANDLER DAVID A Chairman of the Board Buy 27,777 $18.00 $499,986 No
2020-05-13 SCACCETTI JANE Director Buy 2,777 $18.00 $49,986 No
2020-05-13 HANDLER DAVID A Chairman of the Board Buy 27,777 $18.00 $499,986 No
2020-05-13 Snowden Jay A President and CEO Buy 27,777 $18.00 $499,986 No
2020-03-09 SCACCETTI JANE Director Buy 1,000 $21.31 $21,310 No
2020-03-02 Reibstein Saul Director Sell 40,000 $28.67 $1,146,990 Yes
2019-08-14 Reibstein Saul Director Buy 3,000 $17.30 $51,900 No
2019-08-14 HANDLER DAVID A Director Buy 10,000 $17.00 $170,000 No

Insider Smart

SERVICE CORP INTERNATIONAL (SCI) - WALTRIP W BLAIR, Director of $SCI made a buy at 34.65, was he convinced the bottom of the box is a strong support? Well, seems he is not wrong.

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.