Michael J Chewens - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael J Chewens. 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 Michael J Chewens 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 Michael J Chewens. 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 NBTB / NBT Bancorp Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NBTB / NBT 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 (%)
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 NBTB / NBT 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 NBTB / NBT 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 (%)
2019-05-16	NBTB	CHEWENS MICHAEL J	5,103	37.6903	5,103	37.6903	192,334	365	27.5400	-51,796	-26.93
2019-01-16	NBTB	CHEWENS MICHAEL J	4,634	36.3322	4,634	36.3322	168,363
2018-01-16	NBTB	CHEWENS MICHAEL J	4,190	38.4100	4,190	38.4100	160,938
2017-02-01	NBTB	CHEWENS MICHAEL J	14,810	40.5990	14,810	40.5990	601,289
2017-02-01	NBTB	CHEWENS MICHAEL J	3,973	40.5990	3,973	40.5990	161,306
2017-01-18	NBTB	CHEWENS MICHAEL J	4,815	40.5000	4,815	40.5000	195,008
2016-01-19	NBTB	CHEWENS MICHAEL J	1,969	24.9608	1,969	24.9608	49,148
2015-10-12	NBTB	CHEWENS MICHAEL J	18,000	27.5000	18,000	27.5000	495,000
2015-10-12	NBTB	CHEWENS MICHAEL J	10,925	27.5000	10,925	27.5000	300,438
2015-10-09	NBTB	CHEWENS MICHAEL J	8,775	27.5000	8,775	27.5000	241,312
2015-08-06	NBTB	CHEWENS MICHAEL J	300	27.4900	300	27.4900	8,247
2015-01-16	NBTB	CHEWENS MICHAEL J	2,955	24.0175	2,955	24.0175	70,972
2014-04-02	NBTB	CHEWENS MICHAEL J	12,521	24.9500	12,521	24.9500	312,399
2014-04-02	NBTB	CHEWENS MICHAEL J	22,000	24.9500	22,000	24.9500	548,900
2014-03-26	NBTB	CHEWENS MICHAEL J	3,264	24.9500	3,264	24.9500	81,437
2014-03-25	NBTB	CHEWENS MICHAEL J	1,722	24.9500	1,722	24.9500	42,964
2014-01-17	NBTB	CHEWENS MICHAEL J	2,544	25.1023	2,544	25.1023	63,860
2014-01-16	NBTB	CHEWENS MICHAEL J	3,600	25.0153	3,600	25.0153	90,055
2014-01-06	NBTB	CHEWENS MICHAEL J	2,597	25.3753	2,597	25.3753	65,900
2013-11-21	NBTB	CHEWENS MICHAEL J	18,000	24.9500	18,000	24.9500	449,100
2013-11-21	NBTB	CHEWENS MICHAEL J	14,400	24.9500	14,400	24.9500	359,280
2013-07-25	NBTB	CHEWENS MICHAEL J	715	23.1100	715	23.1100	16,524
2013-01-18	NBTB	CHEWENS MICHAEL J	1,725	20.8203	1,725	20.8203	35,915
2013-01-03	NBTB	CHEWENS MICHAEL J	3,216	20.9085	3,216	20.9085	67,242
2012-01-25	NBTB	CHEWENS MICHAEL J	3,893	23.0201	3,893	23.0201	89,617

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 Michael J Chewens as disclosed to the Securities Exchange Commission (SEC).