Daily Insider Ratings Round Up 4/1/20

Summary

• Tables of the top insider purchases and sales filed with the SEC on 4/1/20, based on dollar value.
• Dollar values often do not equate with significance when it comes to insider trades.
• Proprietary Insider Company Ratings are relayed to clarify significance.
• This idea was discussed in more depth with members of my private investing community, Daily Insider Ratings . Get started today »

InsiderInsights' Daily Round Up articles rate the "Significance" of the Top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the "Significance" of an insider transaction, however, and often not even the most important one.

When a new insider transaction occurs, our programs mathematically score the significance of the company's 3-month insider profile based on numerous criteria programmed into our expert system.

Stocks that achieve an InsiderInsights Company Rating of "Significant" and "Leaning" Bullish or Bearish have been independently validated to generate alpha as a group and should be considered by investors looking for new long and short investments.

Seasonal Note: Insider filing volumes are waning right on cue, as companies close trading windows to their insiders until after March-quarter financials are released. Insider trades usually pick up again in May, but it will be interesting to see if the immense market sell-off changes executives' behavior during the normally slower month of April.

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On Today's Tables:

Insider trades were rated Significant at :

• National CineMedia (NCMI);
• Myovant Sciences (MYOV);
• MGM Resorts Intl (MGM);
• Five Point (FPH), and;
• Accelerate Diag (AXDX).

Insider trades were rated Nearly Significant at:

• Intl Flavors (IFF);
• Clearway Energy (CWEN), and;
• XPO Logistics (XPO).

Insider trades were considered Insignificant at:

• Zoom Video Communications (ZM);
• Smartsheet (SMAR);
• Nvidia (NVDA);
• Eli Lilly (LLY);
• Guardant Health (GH);
• DocuSign (DOCU), and;
• Digital Realty Trust (DLR).

There is a Conflicted Insider Signal (both purchases & sales) at:

• Synnex (SNX);
• NexPoint Strategic Opportunities Fund (NHF), and;
• Baxter Intl (BAX).

There is an IPO or Known Corporate Action at:

• AquaVenture Holdings (WAAS).

It's difficult to argue significance for most transactions made during IPOs, or when insiders make trades during a known corporate action.

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.