InsiderEdge™ – Top Sales and Top Purchases – June 6, 2024

Top Purchases

The top purchases made by insiders yesterday. Remember, returns and win rates are calculated using the previous purchase trades by the insider.

Director at Northwest Bancshares, Inc. ($NWBI)

The Director purchased 12,000 shares at $10.68/share ($128K total) which increased their vested holdings by 24.0%. The current price is $10.75 (+0.7%). Their median purchase size is $51,999.50 and this is their 1st largest purchase out of 3 all time. (SEC Source)

Historic Returns
1m returns: 8% weighted | 8% median | 100% win rate (2/2)
3m returns: 12% weighted | 12% median | 100% win rate (2/2)
6m returns: 12% weighted | 13% median | 100% win rate (2/2)
1y returns: 25% weighted | 26% median | 100% win rate (2/2)


Top Sales

The top sales made by insiders yesterday. Remember, returns and win rates are calculated using the previous sell trades by the insider. For sell transactions, “win rate” is the percent of profitable trades. If the “win rate” is low, that means the stock typically falls after the insider sells.

Director at INSULET CORP ($PODD)

The Director sold 360 shares at $182.58/share ($65,728.80 total) which decreased their vested holdings by 9.8%. The current price is $187.68 (+2.8%). Their median sale size is $65,728.80 and this is their 2nd largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: -3% weighted | -3% median | 0% win rate (0/2)
3m returns: -32% weighted | -27% median | 0% win rate (0/2)
6m returns: -33% weighted | -33% median | 0% win rate (0/1)
1y returns: -34% weighted | -34% median | 0% win rate (0/1)

SVP OF REGULATORY AFFAIRS at Celldex Therapeutics, Inc. ($CLDX)

The SVP OF REGULATORY AFFAIRS sold 58,369 shares at $33.65/share ($1.96M total) which decreased their vested holdings by 61.6%. The current price is $33.01 (-1.9%). Their median sale size is $672K and this is their 1st largest sale out of 4 all time. (SEC Source)

Historic Returns
1m returns: -13% weighted | -13% median | 0% win rate (0/2)
3m returns: -24% weighted | -24% median | 0% win rate (0/2)
6m returns: -35% weighted | -35% median | 0% win rate (0/2)
1y returns: -14% weighted | -14% median | 50% win rate (1/2)

Note: 2 other insiders also sold the stock


Disclaimer: The content provided by InsiderEdge™ is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. The historical performance noted in this post is not is not indicative of future results. Investing involves risk, including the potential loss of principal. Use the platform at your own risk and consult a financial advisor before making any investment decisions. In partnership with Yellowbrick Investing Inc.

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