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
ContextLogic Inc. (WISH)


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-02-26 Liu Pai Vice President of Data Science Sell 17,626 $19.65 $346,371 Yes
2021-02-26 Just Brett Chief Accounting Officer Sell 36,901 $19.65 $725,147 Yes
2021-02-26 Chuang Peiyen Vice President of Operations Sell 65,784 $19.65 $1,292,732 Yes
2021-02-26 Bahri Rajat Chief Financial Officer Sell 1,443,637 $19.65 $28,369,112 Yes
2021-02-26 Szulczewski Piotr Founder, CEO, and Chairperson Sell 5,373,615 $19.65 $105,597,642 Yes
2021-03-15 Just Brett Chief Accounting Officer Sell 10,000 $19.63 $196,260 No
2021-03-11 Chuang Peiyen Vice President of Operations Sell 15,000 $19.18 $287,700 Yes
2021-03-11 Shah Devang General Counsel and Secretary Sell 150,000 $17.77 $2,665,250 Yes
2021-03-11 Bahri Rajat Chief Financial Officer Sell 300,000 $18.54 $5,562,437 Yes
2021-02-24 Just Brett Chief Accounting Officer Sell 36,901 $19.65 $725,105 Yes
2021-02-24 Liu Pai Vice President of Data Science Sell 17,626 $19.65 $346,351 Yes
2021-02-24 Chuang Peiyen Vice President of Operations Sell 65,784 $19.65 $1,292,656 Yes
2021-02-24 Shah Devang General Counsel and Secretary Sell 214,949 $19.65 $4,223,748 Yes
2021-02-24 Bahri Rajat Chief Financial Officer Sell 1,443,637 $19.65 $28,367,467 Yes
2021-02-24 Szulczewski Piotr Founder, CEO, and Chairperson Sell 5,373,615 $19.65 $105,591,535 Yes
2020-12-18 Formation8 GP, LLC 10%-Owner Sell 4 $24.00 $96 Yes
2020-12-18 Lonsdale Joe 10%-Owner, Director Sell 4 $24.00 $96 Yes

Insider Smart

Delta Airlines (DAL) - From an insider's perspective: airlines are the first ones to go under due to the pandemic. A lot of concerns were raised on possible bankruptcy especially amid by the dump from Buffett. However, insiders of Delta were bold enough to buy when Buffett was fear. And Delta is the only airline bought by insiders post-Buffett-dump.

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.