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
Tradeweb Markets Inc. (TW)
Sector: Financial Services; Industry: Capital Markets

Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading companies, retail brokerage and financial advisory companies, and regional dealers. The company was founded in 1996 and is headquartered in New York, New York.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-01-17 Zucker Scott Chief Administrative Officer Sell 20,000 $45.55 $911,001 Yes
2020-01-21 WARSHAW ROBERT J Chief Financial Officer Sell 53,140 $45.75 $2,430,943 Yes
2020-01-21 Olesky Lee Chief Executive Officer Sell 221,405 $45.83 $10,145,973 Yes
2020-01-17 Hult William President Sell 50,000 $45.73 $2,286,714 Yes
2020-01-17 Friedman Douglas General Counsel and Secretary Sell 14,927 $45.47 $678,746 Yes
2019-04-08 Bruni Enrico Managing Director, Europe/Asia Buy 30,000 $27.00 $810,000 Yes
2019-04-08 Zucker Scott Chief Administrative Officer Buy 4,000 $27.00 $108,000 Yes
2019-04-08 Friedman Douglas General Counsel and Secretary Buy 3,000 $27.00 $81,000 Yes
2019-04-08 Hult William President Buy 12,000 $27.00 $324,000 Yes
2019-04-08 Maisey Simon Managing Director, Corp. Dev. Buy 5,500 $27.00 $148,500 Yes
2019-04-08 Olesky Lee Chief Executive Officer Buy 20,000 $27.00 $540,000 Yes
2019-04-08 Spencer James Chief Technology Officer Buy 6,000 $27.00 $162,000 Yes
2019-04-08 WARSHAW ROBERT J Chief Financial Officer Buy 8,000 $27.00 $216,000 Yes

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.

Insider Smart

MGM Resorts International (MGM) - If we were to pick one of the easy trade from the crash, it has to be MGM, checkout the impressive insider buying after crash. Do you really need more confidence to pull the trigger? That's the mental edge you need to work against fear.