Paul M Daily - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Paul M Daily. 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 Paul M Daily 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 Paul M Daily. 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 SWX / Southwest Gas Holdings, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in SWX / Southwest Gas 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 (%)
2020-09-24	SWX	Daily Paul M	100	60.0000	100	60.0000	6,000	47	74.7400	1,474	24.57
2020-09-24	SWX	Daily Paul M	100	59.9000	100	59.9000	5,990
2020-09-17	SWX	Daily Paul M	130	61.9000	130	61.9000	8,047
2020-09-17	SWX	Daily Paul M	90	61.5000	90	61.5000	5,535
2020-09-16	SWX	Daily Paul M	70	62.0000	70	62.0000	4,340
2020-09-02	SWX	Daily Paul M	95	61.4500	95	61.4500	5,838
2020-09-01	SWX	Daily Paul M	395	62.5000	395	62.5000	24,688
2020-09-01	SWX	Daily Paul M	5	61.7000	5	61.7000	308
2020-06-04	SWX	Daily Paul M	30	73.4618	30	73.4618	2,204
2020-03-24	SWX	Daily Paul M	175	53.5000	175	53.5000	9,362
2020-03-12	SWX	Daily Paul M	2,000	55.0000	2,000	55.0000	110,000
2020-03-12	SWX	Daily Paul M	750	52.0000	750	52.0000	39,000
2020-03-03	SWX	Daily Paul M	150	69.7500	150	69.7500	10,462
2020-03-03	SWX	Daily Paul M	25	69.3500	25	69.3500	1,734
2019-11-18	SWX	Daily Paul M	125	76.8500	125	76.8500	9,606
2019-11-12	SWX	Daily Paul M	325	75.4000	325	75.4000	24,505
2019-08-09	SWX	Daily Paul M	125	90.2500	125	90.2500	11,281
2019-08-09	SWX	Daily Paul M	125	89.6500	125	89.6500	11,206
2019-03-19	SWX	Daily Paul M	325	83.0000	325	83.0000	26,975

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

Insider Sales SWX / Southwest Gas 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 SWX / Southwest Gas 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 (%)
2023-12-27	SWX	Daily Paul M	1,000	63.7966	1,000	63.7966	63,797	42	57.7200	-6,076	-9.52

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 Paul M Daily as disclosed to the Securities Exchange Commission (SEC).