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
SERVICE CORP INTERNATIONAL (SCI)
Sector: Consumer Cyclical; Industry: Personal Services

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. In addition, it offers funeral merchandise, including burial caskets and related accessories, urns and other cremation receptacles, outer burial containers, flowers, online and video tributes, stationery products, casket and cremation memorialization products, and other ancillary merchandise. The company was founded in 1962 and is headquartered in Houston, Texas.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2019-03-01 WEBB MICHAEL R President, Chief Op. Officer Sell 881,565 $41.56 $36,637,858 Yes
2018-08-02 WEBB MICHAEL R President, Chief Op. Officer Sell 214,000 $38.79 $8,301,873 Yes
2017-09-08 WEBB MICHAEL R President, Chief Op. Officer Sell 202,000 $34.70 $7,008,592 Yes
2016-09-13 WEBB MICHAEL R President, Chief Op. Officer Sell 93,300 $26.03 $2,428,814 Yes
2015-05-13 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 136,000 $28.45 $3,869,010 Yes
2014-08-14 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 210,000 $21.67 $4,550,469 Yes
2012-08-17 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 450,010 $12.91 $5,808,493 Yes
2011-05-03 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 147,900 $11.58 $1,712,016 Yes
2010-02-26 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 100,000 $8.13 $812,530 Yes
2009-11-20 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 20,000 $7.43 $148,660 Yes
2009-11-19 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 40,000 $7.63 $305,344 Yes
2009-11-17 WEBB MICHAEL R Exec. V.P./Chief Op. Officer Sell 40,000 $7.54 $301,630 Yes

Insider Smart

Planet Fitness, Inc (PLNT) - Our position in PLNT is also inspired by insider trading, if insiders are comfortable and confident buying around $50, it is an easy hold if you can pick it up at an even lower price. Our avg cost of the position is ~$40 and is now with 50% profit.

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.