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
Walmart Inc. (WMT)
Sector: Consumer Defensive; Industry: Discount Stores

Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, wire and money transfers, check cashing, and bill payment.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-11-20 WALTON JIM C 10%-Owner Sell 450,000 $150.95 $67,927,492 No
2020-09-29 WALTON JIM C 10%-Owner Sell 752,085 $137.20 $103,182,830 No
2019-06-07 WALTON JIM C 10%-Owner Sell 1,014,826 $105.33 $106,888,999 No
2019-05-23 WALTON JIM C 10%-Owner Sell 841,920 $101.44 $85,407,227 No
2019-05-22 WALTON JIM C 10%-Owner Sell 2,129,150 $101.67 $216,469,930 No
2019-05-20 WALTON JIM C 10%-Owner Sell 2,447,587 $101.21 $247,710,429 No
2019-03-28 WALTON JIM C 10%-Owner Sell 792,038 $97.06 $76,872,868 No
2019-03-27 WALTON JIM C 10%-Owner Sell 2,751,360 $97.93 $269,436,492 No
2019-03-25 WALTON JIM C 10%-Owner Sell 2,168,768 $98.37 $213,338,143 No
2019-03-21 WALTON JIM C 10%-Owner Sell 1,649,023 $98.88 $163,060,478 No
2019-03-04 WALTON JIM C 10%-Owner Sell 664,328 $97.91 $65,041,892 No
2019-03-01 WALTON JIM C 10%-Owner Sell 2,488,625 $98.87 $246,042,514 No
2019-02-27 WALTON JIM C 10%-Owner Sell 1,614,118 $98.32 $158,706,053 No
2019-02-25 WALTON JIM C 10%-Owner Sell 1,437,489 $99.59 $143,160,921 No
2019-02-22 WALTON JIM C 10%-Owner Sell 1,855,869 $99.56 $184,778,990 No
2018-12-28 WALTON JIM C 10%-Owner Sell 734,950 $92.48 $67,968,645 No
2018-12-19 WALTON JIM C 10%-Owner Sell 500,500 $92.29 $46,191,545 No
2018-12-17 WALTON JIM C 10%-Owner Sell 500 $92.00 $46,000 No
2018-12-14 WALTON JIM C 10%-Owner Sell 724,886 $92.69 $67,191,511 No
2018-12-12 WALTON JIM C 10%-Owner Sell 1,573,840 $93.81 $147,634,329 No
2018-12-04 WALTON JIM C 10%-Owner Sell 1,109,156 $97.92 $108,609,813 No
2018-11-28 WALTON JIM C 10%-Owner Sell 2,731,356 $95.26 $260,178,180 No
2018-11-21 WALTON JIM C 10%-Owner Sell 644,405 $94.11 $60,643,240 No
2018-11-20 WALTON JIM C 10%-Owner Sell 2,899,239 $96.69 $280,336,184 No
2018-09-28 WALTON JIM C 10%-Owner Sell 2,009,792 $94.63 $190,183,104 No
2018-09-18 WALTON JIM C 10%-Owner Sell 600,000 $95.37 $57,223,140 No
2018-09-13 WALTON JIM C 10%-Owner Sell 531,360 $95.23 $50,600,084 No
2018-09-12 WALTON JIM C 10%-Owner Sell 1,030,640 $96.65 $99,608,318 No
2018-09-05 WALTON JIM C 10%-Owner Sell 230,500 $95.71 $22,060,026 No
2018-08-24 WALTON JIM C 10%-Owner Sell 1,276,062 $95.19 $121,472,703 No

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

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.