David A Culton - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David A Culton. 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 David A Culton 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 David A Culton. 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 AXL / American Axle & Manufacturing Holdings, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AXL / American Axle & Manufacturing Holdings, 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 AXL / American Axle & Manufacturing Holdings, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AXL / American Axle & Manufacturing Holdings, 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 (%)
2016-05-18	AXL	CULTON DAVID A	1,100	15.5300	1,100	15.5300	17,083	176	13.45	-2,288	-13.39
2016-05-18	AXL	CULTON DAVID A	984	15.5400	984	15.5400	15,291
2016-05-18	AXL	CULTON DAVID A	2,100	15.5500	2,100	15.5500	32,655
2016-05-18	AXL	CULTON DAVID A	1,300	15.5600	1,300	15.5600	20,228
2016-05-18	AXL	CULTON DAVID A	1,292	15.5700	1,292	15.5700	20,116
2015-11-02	AXL	CULTON DAVID A	4,975	22.6600	4,975	22.6600	112,734
2015-11-02	AXL	CULTON DAVID A	400	22.6700	400	22.6700	9,068
2015-11-02	AXL	CULTON DAVID A	800	22.6800	800	22.6800	18,144
2015-11-02	AXL	CULTON DAVID A	1,800	22.6900	1,800	22.6900	40,842
2015-11-02	AXL	CULTON DAVID A	800	22.7000	800	22.7000	18,160
2015-11-02	AXL	CULTON DAVID A	2,900	22.7100	2,900	22.7100	65,859
2014-05-15	AXL	CULTON DAVID A	1,100	17.2600	1,100	17.2600	18,986
2014-05-15	AXL	CULTON DAVID A	2,484	17.2500	2,484	17.2500	42,849
2014-05-15	AXL	CULTON DAVID A	3,174	17.2400	3,174	17.2400	54,720
2014-05-15	AXL	CULTON DAVID A	1,442	17.2300	1,442	17.2300	24,846
2014-05-15	AXL	CULTON DAVID A	3,800	17.2200	3,800	17.2200	65,436

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 David A Culton as disclosed to the Securities Exchange Commission (SEC).