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
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
2009-09-02 TANZBERGER ERIC D Sr. VP, CFO and Treasurer Sell 100,000 $6.95 $694,740 Yes
2009-09-01 WALTRIP R L Chairman of the Board Sell 70,581 $7.12 $502,332 Yes
2009-08-31 WALTRIP R L Chairman of the Board Sell 240,603 $7.20 $1,732,921 Yes
2009-08-26 MACK STEPHEN M Sr. VP Middle Mkt Operations Sell 2,200 $7.51 $16,518 Yes
2009-08-25 MACK STEPHEN M Sr. VP Middle Mkt Operations Sell 193,000 $7.52 $1,450,532 Yes
2009-03-03 FOYT A J JR Director Buy 2,000 $2.95 $5,896 No

Insider Smart

Altimmune, Inc. (ALT) - Venrock Healthcare Capital Partners III, L.P., 10%-owner of ALT bought 1.3M shares in late May then added another 1.5M shares in June with an averaged ~$8 per share. 10 days after the accumulation, ALT price jumped to $10.

Insider Smart

PROSPECT CAPITAL CORP (PSEC) - PSEC is the 2nd most bought stock of the past 90 days by insiders, CEO seems very confident about the company.