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
2021-09-23 McMillon C Douglas President and CEO Sell 9,708 $143.27 $1,390,866 No
2021-06-24 McMillon C Douglas President and CEO Sell 9,708 $136.42 $1,324,365 No
2021-04-22 McMillon C Douglas President and CEO Sell 9,708 $141.01 $1,368,929 No
2016-11-21 McMillon C Douglas President and CEO Sell 75,063 $69.08 $5,185,134 Yes
2013-08-23 McMillon C Douglas Executive Vice President Sell 16,682 $73.47 $1,225,708 No
2011-11-16 McMillon C Douglas Executive Vice President Sell 9,885 $57.03 $563,754 Yes
2009-11-23 McMillon C Douglas Executive Vice President Sell 14,823 $54.71 $810,916 Yes

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

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.