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
Verrica Pharmaceuticals Inc. (VRCA)
Sector: Healthcare; Industry: Biotechnology

Verrica Pharmaceuticals Inc., a clinical stage medical dermatology company, develops and commercializes dermatological treatments in the United States. The company's lead product candidate include VP-102 that is in phase III clinical trial for the treatment of molluscum contagiosum; in phase II clinical trial for the treatment of common warts; and completed phase I clinical trial for the treatment of Genital warts. The company was founded in 2013 and is headquartered in West Chester, Pennsylvania.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-03-25 Manning Paul B 10%-Owner, Director Buy 739,830 $14.75 $10,912,492 No
2020-08-25 Ballaron Craig Director Buy 10,000 $8.88 $88,785 No
2020-08-20 Manning Paul B 10%-Owner, Director Buy 20,000 $9.09 $181,800 No
2020-08-18 Manning Paul B 10%-Owner, Director Buy 10,000 $8.55 $85,500 No
2020-08-17 Manning Paul B 10%-Owner, Director Buy 6,000 $6.92 $41,520 No
2020-08-14 Stalfort Sean Director Buy 31,250 $6.41 $200,464 No
2020-08-13 DAVIS A BRIAN Chief Financial Officer Buy 7,900 $6.24 $49,296 No
2020-08-13 White Ted President and CEO Buy 10,661 $6.28 $66,951 No
2020-08-14 Manning Paul B 10%-Owner, Director Buy 158,500 $6.44 $1,020,985 No
2019-10-10 Manning Paul B 10%-Owner, Director Buy 20,886 $14.38 $300,280 No
2019-09-09 Davidson Matt 10%-Owner Sell 19,314 $10.89 $210,333 No
2019-08-29 Davidson Matt 10%-Owner Sell 2,688 $10.16 $27,301 No
2019-08-09 Davidson Matt 10%-Owner Sell 6,313 $10.49 $66,200 No
2019-08-06 Davidson Matt 10%-Owner Sell 6,250 $10.54 $65,856 No
2019-08-01 Davidson Matt 10%-Owner Sell 10,338 $11.92 $123,237 No
2019-07-29 Davidson Matt 10%-Owner Sell 12,058 $11.40 $137,481 No
2019-07-24 Davidson Matt 10%-Owner Sell 2,802 $10.24 $28,682 No
2019-07-19 Davidson Matt 10%-Owner Sell 10,800 $10.33 $111,578 No
2019-07-16 Davidson Matt 10%-Owner Sell 10,490 $10.93 $114,662 No
2019-07-11 Davidson Matt 10%-Owner Sell 13,212 $11.58 $152,955 No
2019-07-08 Davidson Matt 10%-Owner Sell 12,529 $11.27 $141,231 No
2019-07-02 Davidson Matt 10%-Owner Sell 33,521 $11.63 $389,840 No
2019-06-25 Davidson Matt 10%-Owner Sell 210 $10.04 $2,108 No
2019-06-13 Davidson Matt 10%-Owner Sell 2,131 $9.65 $20,555 No
2019-06-11 Davidson Matt 10%-Owner Sell 4,345 $8.49 $36,883 No
2019-06-06 Davidson Matt 10%-Owner Sell 5,507 $7.27 $40,057 No
2019-06-03 Davidson Matt 10%-Owner Sell 4,110 $7.36 $30,243 No
2019-05-29 Davidson Matt 10%-Owner Sell 2,100 $8.41 $17,653 No
2019-05-23 Davidson Matt 10%-Owner Sell 2,422 $8.80 $21,320 No
2019-05-20 Davidson Matt 10%-Owner Sell 1,800 $8.95 $16,105 No

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.

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.