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
SYNALLOY CORP (SYNL)
Sector: Basic Materials; Industry: Steel

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name; liquid storage solutions and separation equipment; and ornamental stainless steel tubes under the ASTI trade name, as well as distributes seamless carbon pipes and tubes. It serves oil and gas, chemical, petrochemical, pulp and paper, mining, power generation, water and waste water treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical, automotive and commercial transportation, appliance, architectural, and other heavy industries. Synalloy Corporation was founded in 1945 and is headquartered in Richmond, Virginia.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-06-10 Privet Fund Management LLC 10%-Owner Buy 35,402 $10.31 $365,059 No
2021-03-15 Cunningham Sarah M VP Corporate Administration Sell 8,431 $10.05 $84,732 No
2020-12-09 Privet Fund Management LLC 10%-Owner Buy 15,700 $6.39 $100,311 No
2020-12-10 Schauerman John P. Director Buy 16,600 $6.50 $107,900 No
2020-11-30 Privet Fund Management LLC 10%-Owner Buy 12,421 $5.92 $73,486 No
2020-11-17 Privet Fund Management LLC 10%-Owner Buy 28,090 $5.48 $154,051 No
2020-11-11 Schauerman John P. Director Buy 20,000 $5.44 $108,800 No
2020-09-11 Roberson Maria Haughton President, ASTI Buy 1,000 $5.90 $5,900 No
2020-05-15 Callander Anthony A Director Buy 500 $9.55 $4,773 No
2020-05-15 Guy Henry L Director Buy 1,000 $9.70 $9,698 No
2020-05-13 BRAM CRAIG C CEO & President Buy 3,000 $8.87 $26,610 No
2020-05-12 BRAM CRAIG C CEO & President Buy 2,504 $9.17 $22,962 No
2020-05-11 BRAM CRAIG C CEO & President Buy 2,773 $7.99 $22,156 No
2020-05-08 Cunningham Sarah M VP Corporate Administration Buy 736 $8.05 $5,925 No
2020-05-08 Loughran Dennis M Sr. Vice President and CFO Buy 2,500 $7.88 $19,695 No
2020-05-07 Roberson Maria Haughton President, ASTI Buy 1,000 $7.86 $7,860 No
2020-05-07 KACZKA JEFFREY Director Buy 2,000 $7.82 $15,640 No
2020-03-16 BRAM CRAIG C CEO & President Buy 3,000 $10.35 $31,050 No
2020-03-13 TERRY JAMES W JR Director Buy 500 $10.50 $5,250 No
2020-03-11 Gibson James G President of Subsidiary Buy 130 $11.50 $1,495 No
2020-03-12 BRAM CRAIG C CEO & President Buy 4,000 $11.20 $44,800 No
2020-03-05 Privet Fund Management LLC See Explanation of Responses Buy 314,058 $13.12 $4,119,297 No
2020-02-20 Padden Michael Director of IT Sell 141 $12.65 $1,784 No
2019-12-19 Wright Murray H Director Buy 1,000 $12.94 $12,940 No
2019-12-17 Wright Murray H Director Buy 500 $12.64 $6,322 No
2019-12-09 Wright Murray H Director Buy 1,800 $11.65 $20,974 No
2019-12-09 BRAM CRAIG C CEO & President Buy 2,000 $11.72 $23,440 No
2019-12-02 BRAM CRAIG C CEO & President Buy 2,000 $12.70 $25,400 No
2019-11-27 Wright Murray H Director Buy 200 $13.09 $2,618 No
2019-11-22 BRAM CRAIG C CEO & President Buy 2,000 $12.44 $24,880 No

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

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