Insider Trading Overview, one sample t-test

Latest rejected null hypothesis t-test is for insider Zuk Nir , latest action by insider was SALE on 2022-10-03 for symbol PANW.

The overview represents results for last seven days for insider trading. The traders were tested with one-tailed statistical test. The test validate the distribution area for one value, the value is greater or less than the certain value. Testing the null hypothesis that the trading activities mean is equal to a specified value μ0 with following expression: t = (x-μ0)/(s/√n)

x
sample mean
s
sample standard deviation
n
sample size

The overview we do one tailed tests. The goal is to identify if insider trading had statistical significance. If the inside tradings have statistical significance, then it could be mean, that the insider information advantage.

Example:

Person A BUY and SELL shares of one Company.
If A BUY a SHARE and in the following days the share price goes almost every time up.
If A SELL a SHARE and in the following days the share price goes almost every time down.
The hypothesis is then following: every time, when A do an action (BUY or SELL) then it has no significant influence on the expected value. Person A trades randomly and has no advantage information about the future price development.
Accept: Inside trader tradings are random
Reject: The tradings are are statistical significance Trader get positive trading for his actions.

CIK Name Last trading symbol Last trading date Last action t 1day p 1day T-Test # t 7day p 7day T-Test # t 14day p 14day T-Test # t 30day pp 30day T-Test #
1802461 Keenan Katharine A BXMT 2022-09-30 SALE 1.60 0.13 Accept 17 0.60 0.56 Accept 18 0.11 0.91 Accept 18 -0.24 0.81 Accept 16
1250333 Zuk Nir PANW 2022-10-03 SALE 351.89 0.00 Reject 36 206.70 0.00 Reject 38 125.69 0.00 Reject 39 112.21 0.00 Reject 39
1704214 Baker Richard W. GNTY 2022-09-29 BUY -0.03 0.97 Accept 17 -0.92 0.37 Accept 14 -1.41 0.19 Accept 12 -1.84 0.10 Accept 9
1760229 Brunn Carsten SELB 2022-09-28 SALE 2.35 0.04 Reject 12 0.89 0.39 Accept 12 1.35 0.21 Accept 11 1.29 0.22 Accept 11
1187393 Gardner Jeffery R CAMP 2022-09-27 BUY 0.21 0.84 Accept 20 1.13 0.28 Accept 19 1.42 0.17 Accept 19 3.55 0.00 Reject 20
1488774 Clifton R. Laduane KMPH 2022-09-30 BUY 29.75 0.00 Reject 8 23.88 0.00 Reject 8 12.57 0.00 Reject 8 9.17 0.00 Reject 7
1447887 Bell Sandra TIPT 2022-09-28 SALE -0.15 0.88 Accept 70 -1.56 0.12 Accept 66 -2.16 0.03 Accept 61 -4.48 0.00 Accept 56
1376437 Wasson John ICFI 2022-09-28 SALE -1.76 0.13 Accept 7 -0.93 0.40 Accept 6 -0.13 0.90 Accept 6 0.03 0.98 Accept 6
1745851 Sk Energy Llc PED 2022-09-29 BUY 2.31 0.03 Reject 34 4.03 0.00 Reject 31 4.42 0.00 Reject 32 2.47 0.02 Reject 31
1640309 Keenan Walter C LFT 2022-09-28 BUY 0.87 0.43 Accept 5 2.66 0.06 Reject 5 1.49 0.21 Accept 5 2.14 0.10 Reject 5
1437795 Hodgson Curtis Drew LEGH 2022-09-29 SALE 2.05 0.04 Reject 159 2.26 0.03 Reject 158 0.68 0.50 Accept 157 0.41 0.68 Accept 155
1623528 Smith Daniel Earl CTO 2022-09-27 BUY -3.80 0.00 Accept 11 -3.32 0.01 Accept 8 -3.96 0.00 Accept 10 -2.78 0.02 Accept 11
1576644 Lown Jay CHMI 2022-09-29 BUY -2.71 0.05 Accept 5 -3.74 0.03 Accept 4 -2.58 0.06 Accept 5 -2.88 0.03 Accept 6
1254631 Francis David MMS 2022-09-30 SALE 0.35 0.74 Accept 6 1.13 0.32 Accept 5 0.91 0.42 Accept 5 0.55 0.61 Accept 5
1299455 Unterman Thomas BL 2022-10-03 SALE -2.08 0.06 Accept 13 -0.45 0.66 Accept 13 0.86 0.41 Accept 13 -1.29 0.22 Accept 12
1443340 Bancel Stephane MRNA 2022-09-28 SALE -2.28 0.02 Accept 325 -3.04 0.00 Accept 324 -4.10 0.00 Accept 322 -5.42 0.00 Accept 319
1611679 Rawlings Darryl TRUP 2022-09-30 SALE -1.17 0.25 Accept 70 0.23 0.82 Accept 71 -1.48 0.14 Accept 72 -1.79 0.08 Accept 71
1780556 Jakeman David CMRX 2022-09-29 SALE 0.17 0.87 Accept 6 -0.37 0.73 Accept 6 -0.37 0.72 Accept 6 0.42 0.69 Accept 6
1834171 Gebbia Joseph ABNB 2022-09-27 SALE -1.02 0.32 Accept 26 -1.26 0.22 Accept 26 -1.08 0.29 Accept 26 -1.03 0.31 Accept 25
1180688 Kunkle Kim W ASRV 2022-09-29 BUY 3.46 0.00 Reject 28 4.23 0.00 Reject 24 2.40 0.02 Reject 24 2.83 0.01 Reject 24
23795 Cto Realty Growth, Inc. PINE 2022-09-27 BUY 0.76 0.45 Accept 49 1.43 0.16 Accept 46 2.99 0.00 Reject 43 5.87 0.00 Reject 41
1806920 Patel Snehal GLSI 2022-09-29 BUY -1.09 0.29 Accept 19 -2.25 0.04 Accept 18 -2.12 0.05 Accept 18 0.71 0.49 Accept 18
1856414 Larson Tina Marriott RXRX 2022-09-29 SALE 1.86 0.16 Accept 4 2.11 0.17 Accept 3 3.83 0.06 Reject 3 1.50 0.27 Accept 3
1684056 Springer David FTCI 2022-09-27 SALE 1.29 0.42 Accept 2 1.49 0.38 Accept 2 0.24 0.85 Accept 2 0.20 0.87 Accept 2
1857126 Arc Family Trust FTCI 2022-09-27 SALE -0.51 0.61 Accept 51 -0.32 0.75 Accept 49 -1.25 0.22 Accept 47 -1.61 0.11 Accept 44
1819126 Mccombs Jeff UPWK 2022-09-29 SALE -0.36 0.73 Accept 7 -0.73 0.50 Accept 6 -0.17 0.87 Accept 6 -0.14 0.90 Accept 6
1832163 Szulczewski Piotr WISH 2022-10-03 SALE 1.39 0.17 Accept 38 3.70 0.00 Reject 33 5.29 0.00 Reject 27 5.53 0.00 Reject 21
1294693 Benioff Marc CRM 2022-09-29 SALE 1.10 0.27 Accept 250 0.93 0.35 Accept 246 1.38 0.17 Accept 241 2.33 0.02 Reject 230
1882808 Jones Charles J. BLZE 2022-10-03 SALE -0.64 0.53 Accept 98 0.08 0.94 Accept 94 -0.02 0.99 Accept 89 -0.53 0.60 Accept 78
1423755 Kang Jin WYY 2022-09-27 BUY -0.85 0.42 Accept 8 -3.04 0.02 Accept 7 -5.36 0.00 Accept 7 -5.28 0.00 Accept 7
1858923 Nufire Timothy M BLZE 2022-10-03 SALE -0.62 0.54 Accept 100 0.08 0.94 Accept 95 0.02 0.99 Accept 90 -0.24 0.81 Accept 81
1276750 Kirske David CTIC 2022-10-03 SALE -0.48 0.65 Accept 7 0.36 0.75 Accept 3 -1.42 0.29 Accept 3 -1.25 0.43 Accept 2
1857850 Budman Gleb BLZE 2022-10-03 SALE -0.58 0.56 Accept 100 0.10 0.92 Accept 95 0.02 0.98 Accept 90 -0.23 0.82 Accept 81
1858921 Patchel Francis P BLZE 2022-10-03 SALE -0.93 0.42 Accept 4 -0.84 0.46 Accept 4 -0.21 0.85 Accept 4 0.25 0.82 Accept 4
1888935 Hyman Jonathan BRZE 2022-09-29 SALE -0.12 0.91 Accept 7 -1.41 0.22 Accept 6 -2.34 0.07 Accept 6 -0.62 0.56 Accept 6
1868945 Sever Clint HLTH 2022-09-30 SALE 0.48 0.63 Accept 19 -0.53 0.60 Accept 15 0.25 0.80 Accept 15 1.90 0.08 Reject 12
1324069 Mansueto Joseph D MORN 2022-09-27 SALE 4.37 0.00 Reject 498 1.78 0.08 Reject 495 0.53 0.60 Accept 490 -2.46 0.01 Accept 472
1238734 Walker John Kent GOOG 2022-09-28 SALE 3.26 0.02 Reject 6 3.82 0.02 Reject 5 4.01 0.02 Reject 5 4.54 0.01 Reject 5
1882791 Ng Kwok Hang BLZE 2022-10-03 SALE -0.67 0.51 Accept 98 0.06 0.95 Accept 94 -0.02 0.98 Accept 89 -0.53 0.60 Accept 78
1790565 Baglino Andrew D TSLA 2022-09-27 SALE 20.36 0.00 Reject 44 22.02 0.00 Reject 43 21.57 0.00 Reject 43 27.07 0.00 Reject 42
1946479 Harborne Christopher ISSC 2022-09-27 BUY 0.70 0.51 Accept 9 1.40 0.23 Accept 5 41.97 0.02 Reject 2 0.00 0.00 0
1858925 Wilson Brian K BLZE 2022-10-03 SALE -0.66 0.51 Accept 98 0.06 0.95 Accept 94 -0.02 0.98 Accept 89 -0.53 0.60 Accept 78
1741850 Kreher Nerissa TRDA 2022-09-28 SALE 2.48 0.03 Reject 10 -2.12 0.08 Accept 7 -inf 0.00 Accept 5 0.00 0.00 0
1949386 Bonanni Luciano B FONR 2022-09-30 BUY 9.17 0.00 Reject 4 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
1684171 Acof Investment Management Llc CCO 2022-09-27 BUY 0.61 0.65 Accept 2 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
1856024 Weipert Teresa MMS 2022-09-30 SALE -4.72 0.13 Accept 2 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
1949366 Damadian Timothy Raymond FONR 2022-09-30 BUY 6.59 0.01 Reject 4 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
1271507 Wilentz Joel UVE 2022-09-28 BUY 4.01 0.16 Accept 2 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
1796851 Dvorak International Ltd CDXC 2022-09-30 BUY 3.14 0.20 Accept 2 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0