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
Planet Fitness, Inc. (PLNT)
Sector: Consumer Cyclical; Industry: Leisure

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2017-05-10 Esserman Charles 10%-Owner, Director Sell 16,085,510 $20.28 $326,214,143 Yes
2017-03-14 Esserman Charles 10%-Owner, Director Sell 14,775,000 $20.44 $302,001,000 Yes
2016-11-22 Esserman Charles 10%-Owner, Director Sell 15,000,000 $23.22 $348,300,000 Yes
2016-09-28 Esserman Charles 10%-Owner, Director Sell 8,000,000 $19.62 $156,960,000 Yes
2016-06-28 Esserman Charles 10%-Owner, Director Sell 11,129,887 $15.76 $175,379,194 Yes
2015-08-11 Esserman Charles 10%-Owner, Director Sell 5,033,945 $14.96 $75,307,817 Yes

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

ROYAL CARIBBEAN CRUISES (RCL) - Thompson Donald, Director of RCL feels safe and made a move. The only insiders bought RCL post crash.