Steven T Boyer - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven T Boyer. 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 Steven T Boyer 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 Steven T Boyer. 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 MPB / Mid Penn Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MPB / Mid Penn Bancorp, Inc.. 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 (%)
2021-12-31	MPB	Boyer Steven T	79	31.7400	79	31.7400	2,507	301	34.2000	195	7.77
2021-09-30	MPB	Boyer Steven T	91	27.5500	91	27.5500	2,507
2021-06-30	MPB	Boyer Steven T	91	27.4500	91	27.4500	2,498
2021-03-31	MPB	Boyer Steven T	93	26.8100	93	26.8100	2,493
2020-12-31	MPB	Boyer Steven T	114	21.9000	114	21.9000	2,497
2020-09-30	MPB	Boyer Steven T	145	17.3100	145	17.3100	2,510
2020-06-30	MPB	Boyer Steven T	135	18.4300	135	18.4300	2,488
2020-03-31	MPB	Boyer Steven T	124	20.2500	124	20.2500	2,511
2019-12-31	MPB	Boyer Steven T	87	28.8000	87	28.8000	2,506
2019-09-30	MPB	Boyer Steven T	195	25.6300	195	25.6300	4,998
2019-06-28	MPB	Boyer Steven T	200	24.9500	200	24.9500	4,990
2019-03-29	MPB	Boyer Steven T	204	24.5000	204	24.5000	4,998
2018-12-31	MPB	Boyer Steven T	217	23.0200	217	23.0200	4,995
2018-11-20	MPB	Boyer Steven T	1,200	26.8200	1,200	26.8200	32,184
2018-09-28	MPB	Boyer Steven T	69	29.1500	69	29.1500	2,011
2018-06-29	MPB	Boyer Steven T	57	34.9000	57	34.9000	1,989
2018-03-30	MPB	Boyer Steven T	63	31.9500	63	31.9500	2,013
2017-12-29	MPB	Boyer Steven T	60	33.1000	60	33.1000	1,986
2017-09-29	MPB	Boyer Steven T	68	29.4000	68	29.4000	1,999
2013-12-31	MPB	Boyer Steven T	400	14.2900	400	14.2900	5,716
2012-02-08	MPB	Boyer Steven T	372	9.0000	372	9.0000	3,348
2012-02-08	MPB	Boyer Steven T	36	8.8700	36	8.8700	319

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

Insider Sales MPB / Mid Penn Bancorp, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MPB / Mid Penn Bancorp, Inc.. 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 (%)
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 Trading History

This table shows the complete list of insider trades made by Steven T Boyer as disclosed to the Securities Exchange Commission (SEC).