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
PennyMac Financial Services, Inc. (PFSI)
Sector: Financial Services; Industry: Mortgage Finance

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. This segment also services conventional and government-insured or guaranteed mortgage loans, and home equity loans; and distressed mortgage loans that have been acquired as investments by its advised entities. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-11-29 NANJI FARHAD Director Buy 160,854 $64.97 $10,451,393 No
2021-11-23 NANJI FARHAD Director Buy 282,872 $64.35 $18,202,728 No
2021-11-23 MFN Partners, LP Director Buy 282,872 $64.35 $18,202,728 No
2021-11-18 SPECTOR DAVID Chairman & CEO Sell 15,000 $62.28 $934,133 No
2021-09-02 SPECTOR DAVID Chairman & CEO Sell 15,000 $66.19 $992,850 No
2021-08-09 SPECTOR DAVID Chairman & CEO Sell 15,000 $68.34 $1,025,095 No
2021-06-22 SPECTOR DAVID Chairman & CEO Sell 15,000 $62.98 $944,700 No
2021-06-22 NANJI FARHAD Director Buy 26,528 $62.73 $1,664,101 No
2021-06-21 NANJI FARHAD Director Buy 109,782 $62.07 $6,813,862 No
2021-06-21 MFN Partners, LP Director Buy 109,782 $62.07 $6,813,862 No
2021-06-16 MFN Partners, LP Director Buy 193,915 $61.95 $12,013,906 No
2021-06-16 NANJI FARHAD Director Buy 193,915 $61.95 $12,013,906 No
2021-06-14 NANJI FARHAD Director Buy 192,824 $61.89 $11,933,904 No
2021-06-14 MFN Partners, LP Director Buy 192,824 $61.89 $11,933,904 No
2021-06-08 NANJI FARHAD Director Buy 38,743 $61.85 $2,396,255 No
2021-06-08 MFN Partners, LP Director Buy 38,743 $61.85 $2,396,255 No
2021-06-07 NANJI FARHAD Director Buy 138,232 $60.64 $8,382,744 No
2021-06-07 MFN Partners, LP Director Buy 138,232 $60.64 $8,382,744 No
2021-06-03 KURLAND FAMILY INVESTMENTS, LLC 10%-Owner Sell 281,637 $61.29 $17,262,815 No
2021-06-01 NANJI FARHAD Director Buy 46,990 $62.67 $2,944,863 No
2021-06-01 MFN Partners, LP Director Buy 46,990 $62.67 $2,944,863 No
2021-05-26 NANJI FARHAD Director Buy 12,842 $61.49 $789,655 No
2021-05-26 MFN Partners, LP Director Buy 12,842 $61.49 $789,655 No
2021-05-26 KURLAND FAMILY INVESTMENTS, LLC 10%-Owner Sell 252,888 $62.29 $15,752,935 No
2021-05-25 MFN Partners, LP Director Buy 187,870 $62.49 $11,739,078 No
2021-05-25 NANJI FARHAD Director Buy 187,870 $62.49 $11,739,078 No
2021-05-21 NANJI FARHAD Director Buy 103,586 $61.46 $6,366,164 No
2021-05-21 MFN Partners, LP Director Buy 103,586 $61.46 $6,366,164 No
2021-05-19 NANJI FARHAD Director Buy 120,960 $60.88 $7,363,638 No
2021-05-19 MFN Partners, LP Director Buy 120,960 $60.88 $7,363,638 No

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.

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.