InsiderEdge™ – Top Sales and Top Purchases – February 5, 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.

10% Owner at Skye Bioscience, Inc. ($SKYE)

The 10% Owner purchased 5,206,070 shares at $2.31/share ($12.03M total) which increased their holdings by 115.1%. The current price is $4.01 (+73.4%). Their median purchase size is $12.03M and this is their 1st largest purchase out of 1 all time. (SEC Source)

Historic Returns
N/A. This is their first public purchase ever (and it’s very large)


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 HERITAGE COMMERCE CORP ($HTBK)

The Director sold 6,944 shares at $8.92/share ($61,941.17 total) which decreased their holdings by 4.3%. The current price is $8.53 (-4.4%). Their median sale size is $112K and this is their 5th largest sale out of 7 all time. (SEC Source)

Historic Returns
1m returns: -19% weighted | -19% median | 0% win rate (0/6)
3m returns: -24% weighted | -19% median | 0% win rate (0/6)
6m returns: -27% weighted | -20% median | 0% win rate (0/6)
1y returns: -29% weighted | -12% median | 0% win rate (0/6)

VP & Pres, Epoxy & Corp Strat. at OLIN Corp ($OLN)

The VP & Pres, Epoxy & Corp Strat. sold 9,238 shares at $53.20/share ($491K total) which decreased their holdings by 100.0%. The current price is $51.35 (-3.5%). Their median sale size is $479K and this is their 2nd largest sale out of 4 all time. (SEC Source)

Historic Returns
1m returns: -17% weighted | -15% median | 0% win rate (0/3)
3m returns: -18% weighted | -17% median | 0% win rate (0/3)
6m returns: -10% weighted | -10% median | 0% win rate (0/1)
1y returns: N/A

Sr. Executive Vice President at M&T BANK CORP ($MTB)

The Sr. Executive Vice President sold 1,000 shares at $132.30/share ($132K total) which decreased their holdings by 10.6%. The current price is $133.49 (+0.9%). Their median sale size is $133K and this is their 7th largest sale out of 12 all time. (SEC Source)

Historic Returns
1m returns: -12% weighted | -10% median | 9% win rate (1/11)
3m returns: -6% weighted | -15% median | 18% win rate (2/11)
6m returns: -5% weighted | -5% median | 22% win rate (2/9)
1y returns: -23% weighted | -21% median | 38% win rate (3/8)


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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