Peter L Ax - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Peter L Ax. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Peter L Ax has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Peter L Ax. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases MTH / Meritage Homes Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MTH / Meritage Homes Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales MTH / Meritage Homes Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MTH / Meritage Homes Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2024-07-26	MTH	AX PETER L	3,000	199.1900	6,000	99.5950	597,570	327	62.4400	-222,930	-37.31
2023-08-07	MTH	AX PETER L	3,000	149.5000	6,000	74.7500	448,500
2022-03-04	MTH	AX PETER L	5,062	98.8600	10,124	49.4300	500,429
2021-10-29	MTH	AX PETER L	4,900	112.2400	9,800	56.1200	549,976
2021-10-29	MTH	AX PETER L	100	113.2100	200	56.6050	11,321
2021-08-02	MTH	AX PETER L	5,000	109.4400	10,000	54.7200	547,200
2021-05-04	MTH	AX PETER L	4,191	108.0700	8,382	54.0350	452,921
2021-05-04	MTH	AX PETER L	1,309	108.4900	2,618	54.2450	142,013
2020-09-14	MTH	AX PETER L	3,000	100.0700	6,000	50.0350	300,210
2020-09-10	MTH	AX PETER L	3,000	100.0400	6,000	50.0200	300,120
2020-09-09	MTH	AX PETER L	3,000	99.2400	6,000	49.6200	297,720
2019-08-02	MTH	AX PETER L	17,100	64.0247	34,200	32.0124	1,094,822
2018-03-08	MTH	AX PETER L	12,500	44.0200	25,000	22.0100	550,250
2016-06-13	MTH	AX PETER L	15,000	36.7100	30,000	18.3550	550,650
2013-04-30	MTH	AX PETER L	11,500	48.3000	23,000	24.1500	555,450

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Peter L Ax as disclosed to the Securities Exchange Commission (SEC).