The point is that senior employees of public companies are required to make their transactions public. It seems to us that this is an important market indicator - if the CEO of a large company sells most of his stock or buys more, this indirectly determines the company's performance and the mood of employees. Of course, insider trading based on non-public information is illegal. However, when the company's employees buy or sell its shares in large quantities, it is completely legal and an important indicator of its affairs.
We've been collecting information from Nasdaq and other official sources. Then we aggregated it by months and got two lists as a result - the first is the top 5 companies by insider buying activity and the second is the top 5 by insider selling activity.
Here are the top 5 companies by insider buying activity over the past month:
1. $ATSG (Air Transport Services Group)
2. $PZZA (Papa John's International Inc.)
3. $EXPI (eXp World Holdings Inc.)
4. $PFSI (PennyMac Financial Services Inc.)
5. $STLD (Steel Dynamics Inc.)
The second list with the top 5 companies by insider selling activity will be posted later in a separate blog post, stay tuned!