Website Overview - Tracking Returns to Retail Investors from Mirroring Trades by Corporate Insiders
Returns from Insider Trading Many academics and investors have studied insider trading. But most have studied the returns to the insider and not the return to a retail investor who, using only publicly available information about such trades, mirrors all such trades. This website will attempt to remedy that problem by presenting a wide range of studies of insider trading data, using my own database containing millions of insider transactions reported on the SEC's website over the past 19 years, with a focus on hypothetical returns to retail investors assuming such investor mirrored the trades of insiders after such trades were publicly reported. Insiders Tend to Outperform the Market on Their Purchases and, Perhaps, Their Sales The evidence suggests that insiders make, on average, market-beating returns on purchases of the stock of the company that they run. As this website develops more fully, you will see some of that evidence presented on this website. Some evide