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
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
2022-02-17 SCACCETTI JANE Director Buy 1,975 $49.70 $98,167 No
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

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