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Display insider trading information

Would like to suggest that a measure of insider trading activity be added to the data base

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AdminPaul McCann (Admin, VectorVest) shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

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  • Timothy Budny commented  ·   ·  Flag as inappropriate

    Why sweat Vector Vest about Insider trading Activity? You all do realize that Data regarding Insider Trading Activity will always be old NO MATTER WHAT YOUR SOURCES are. That because Insider Trading Activity does not become a matter of Public Record until after it gets reported and filled with the Security and Exchange Commission. Insiders have anywhere from 2 day to two weeks- and in certain cases several moths- before they are required to report their Insider Trades.
    There’s dozens upon dozens of Financial News Websites (i.e. Yahoo Finance, for just one) where one can glean Insider Trade Info for free. Also, I cannot think of a single Broker website that does not provide this same info at no extra cost. Because Insider Info is ALWAYS going to be outdated no matter where you get it from, it is one piece of data an investor / trader should be in no hurry to glean.
    My point is we are not missing much if Vector Vest does not take the time, expense (cost of which eventually gets passed on to us clients) and bandwidth to put Insider Trading Stats on their program. I am not suggesting that Insider stats cannot be interesting or useful but please just take your TIME and lookup those things up for free elsewhere. Remember there is no hurry when it comes to Insider trading info because it is all relatively ancient history- no matter where you go to get your info.

  • Rassim Kuliyev commented  ·   ·  Flag as inappropriate

    I agree. And add please in a Unisearch group the following filter 'Shares bought by 10 or more different Insider traders'

  • Carl Martahus commented  ·   ·  Flag as inappropriate

    I agree. A search dedicated to insider buying would be a bullish indicator. People can sell of any number of reasons but generally they only buy for one...they feel the stock will go up.

  • John McCormack commented  ·   ·  Flag as inappropriate

    Adding Director's buying would be particularly useful. Directors sell for various personal reasons but when they buy it is usually because they either have confidence or that they believe that the sshare price is undervalued. Tracking open Option volumes at nearby strike prices would also be useful.

  • Steven Surowitz commented  ·   ·  Flag as inappropriate

    I currently use Form4Oracle for this information. It is extremely useful, especially when you filter for market purchases made by more than one insider, and obtain the info within a day of the insider filing the Form4 with the SEC. Used in conjunction with VV and IBD daily info, I have done very well. Insider selling is not as useful, as insiders may sell for many reasons, but when they purchase at market, it usually bodes well for the stock.

  • James Dinger commented  ·   ·  Flag as inappropriate

    Good idea since this can be an indication of the company's financial health and future sales and earnings. Think of it another way, if the people running the outfit don't want it, who would?

  • Kamyar Hooshmand commented  ·   ·  Flag as inappropriate

    it is a good idea if it is recent. also some indication of cash available to company and book value could help

  • DINESH SHARMA commented  ·   ·  Flag as inappropriate

    would like to suggest to add OBV (option buying volume) indicator as this otmost important for retail trader to see how buying what?

  • Ray Hendle commented  ·   ·  Flag as inappropriate

    many share advice services do this. VV ability to quantify/codify this would be extremely useful.

  • Paul Wilkes commented  ·   ·  Flag as inappropriate

    I don't think it would be worth the extra expense of adding this to VV. The available information is usually too late to be meaningful.

  • ROY MANNS commented  ·   ·  Flag as inappropriate

    PUBLISHED INSIDER INFORMATION IS OF COMPANY DIRECTORS AND OFFICERS BUYING OR SELLING, THAT IS USEFUL INFO.

  • Piedade Paterson commented  ·   ·  Flag as inappropriate

    I’m not sure how much of an advantage it would be to know about insider info as when a new employee joins a firm they may be given shares and when they leave a firm they may have to sell shares back to the firm, it doesn’t suggest anything positive or negative about the company’s situation. There may however be more to it than this if so then I would like to know more about it to judge just how important this knowledge could be but until then as far as I’m concerned its just another iffy indicator.

  • William Doty commented  ·   ·  Flag as inappropriate

    This would be useful ONLY if very current. It is available (30 days old) at several locations.. In most cases the insiders don't want the info. published until the rules require it !!

  • Robert Wolff commented  ·   ·  Flag as inappropriate

    Well no doubt all of the above, but the more impt of the two (buys and sells), have been statistically shown to be when the insiders are buying, it speaks volumn about their beliefs...especially if they are "voting" with their pocketbook!

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