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
PLx Pharma Inc. (PLXP)
Sector: Healthcare; Industry: Drug Manufacturers—Specialty & Generic

PLx Pharma Inc., a late-stage specialty pharmaceutical company, focuses on developing its PLxGuard delivery system to provide various products in the United States. The company's lead product candidates are Vazalore 325 mg and Vazalore 81 mg, which are formulations of aspirin that use the PLxGuard delivery system to reduce acute gastrointestinal (GI) side effects while providing antiplatelet effectiveness for cardiovascular disease prevention. The company was founded in 2002 and is based in Sparta, New Jersey.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-18 Valentino Michael J Executive Chairman Buy 264,900 $3.79 $1,003,176 Yes
2019-05-20 Valentino Michael J Executive Chairman Buy 44,404 $5.60 $248,662 No
2017-06-14 Valentino Michael J Executive Chairman Buy 29,091 $6.88 $200,001 Yes

Insider Smart

Ovintiv Inc (OVV) - Insiders of OVV have been HEAVILY accumulating shares in March with a sub-$3 cost. And the stock is now $11. An awesome 400% gain can't be missed if you found it was heavily accumulated earlier.