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
SCIENTIFIC GAMES CORP (SGMS)
Sector: Consumer Cyclical; Industry: Gambling

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. It also leases gaming machines; provides gaming operations and licensing arrangements; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment sells virtual coins, chips, or bingo cards; and third-party branded games and original content through mobile and web platforms. The company was founded in 1984 and is headquartered in Las Vegas, Nevada.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-12 PERELMAN RONALD O Former Executive Chairman Sell 1,964,285 $28.00 $54,999,980 No
2020-10-07 PERELMAN RONALD O Former Executive Chairman Sell 2,499,999 $28.00 $69,999,972 No
2020-09-30 PERELMAN RONALD O Former Executive Chairman Sell 4,700,000 $28.00 $131,600,000 No
2020-09-28 PERELMAN RONALD O Former Executive Chairman Sell 9,417,062 $28.00 $263,677,736 No
2020-09-16 PERELMAN RONALD O Executive Chairman Sell 9,375,806 $28.00 $262,522,568 Yes
2020-03-10 COTTLE BARRY L President and CEO Buy 5,000 $10.34 $51,700 No
2019-11-27 Mooberry Derik EVP & Grp Chief Exec, Gaming Sell 42,875 $27.95 $1,198,328 Yes
2019-09-30 PERELMAN RONALD O 10%-Owner, Director Buy 50,000 $20.42 $1,021,000 No
2019-09-27 PERELMAN RONALD O 10%-Owner, Director Buy 100,000 $20.83 $2,083,000 No
2019-09-20 PERELMAN RONALD O 10%-Owner, Director Buy 100,000 $22.98 $2,298,000 No
2019-09-18 PERELMAN RONALD O 10%-Owner, Director Buy 100,000 $22.41 $2,241,000 No
2019-09-13 HADDRILL RICHARD M Director Sell 45,681 $23.94 $1,093,603 No
2019-06-20 PERELMAN RONALD O 10%-Owner, Director Buy 75,000 $20.21 $1,515,750 No
2019-06-19 PERELMAN RONALD O 10%-Owner, Director Buy 120,000 $20.29 $2,434,800 No
2019-06-17 PERELMAN RONALD O 10%-Owner, Director Buy 110,000 $19.73 $2,170,300 No
2018-12-28 PERELMAN RONALD O 10%-Owner, Director Buy 400,000 $17.11 $6,844,000 No
2018-12-26 PERELMAN RONALD O 10%-Owner, Director Buy 300,000 $16.51 $4,951,566 No
2018-12-21 PERELMAN RONALD O 10%-Owner, Director Buy 400,000 $15.09 $6,036,000 No
2018-12-20 PERELMAN RONALD O 10%-Owner, Director Buy 200,000 $15.63 $3,126,000 No
2018-09-17 SCHWARTZ BARRY F Director Buy 5,000 $24.76 $123,800 No
2018-08-15 SCHWARTZ BARRY F Director Buy 5,000 $30.35 $151,750 No
2018-08-13 PERELMAN RONALD O 10%-Owner, Director Buy 175,000 $31.73 $5,552,461 No
2018-08-09 QUARTIERI MICHAEL EVP, CFO, Treas & Corp Sec Buy 10,000 $33.40 $334,000 No
2018-08-09 COTTLE BARRY L President and CEO Buy 10,000 $33.24 $332,400 No
2018-06-27 MCDONALD GABRIELLE K Director Sell 5,000 $49.71 $248,550 No
2018-06-14 Winterscheidt Michael Chief Accounting Officer Sell 4,420 $56.77 $250,923 No
2018-05-17 Mooberry Derik EVP & Grp Chief Exec, Gaming Sell 84,174 $59.82 $5,035,029 Yes
2018-05-14 Kennedy David L Director Sell 40,000 $58.76 $2,350,330 No
2018-05-07 HADDRILL RICHARD M Director Sell 40,000 $52.06 $2,082,512 No
2018-05-04 Isaacs Michael Gavin Director Sell 140,614 $51.01 $7,172,751 Yes

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.