Steven R Gerdes - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven R Gerdes. 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 R Gerdes 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 R Gerdes. 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 OGE / OGE Energy Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in OGE / OGE Energy Corp.. 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 OGE / OGE Energy Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in OGE / OGE Energy Corp.. 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 (%)
2006-11-27	OGE	GERDES STEVEN R	600	38.9000	600	38.9000	23,340	255	15.515	-14,031	-60.12
2006-11-27	OGE	GERDES STEVEN R	200	38.7700	200	38.7700	7,754
2006-11-27	OGE	GERDES STEVEN R	1,700	38.7500	1,700	38.7500	65,875
2006-11-27	OGE	GERDES STEVEN R	100	38.7100	100	38.7100	3,871
2006-11-27	OGE	GERDES STEVEN R	500	38.7000	500	38.7000	19,350
2006-11-27	OGE	GERDES STEVEN R	1,100	38.6800	1,100	38.6800	42,548
2006-11-27	OGE	GERDES STEVEN R	2,200	38.6500	2,200	38.6500	85,030
2006-11-27	OGE	GERDES STEVEN R	200	38.6200	200	38.6200	7,724
2006-11-27	OGE	GERDES STEVEN R	1,900	38.6100	1,900	38.6100	73,359
2006-11-27	OGE	GERDES STEVEN R	19,000	38.6000	19,000	38.6000	733,400
2006-05-09	OGE	GERDES STEVEN R	6,900	31.0000	6,900	31.0000	213,900
2006-05-09	OGE	GERDES STEVEN R	800	30.9900	800	30.9900	24,792
2006-05-09	OGE	GERDES STEVEN R	4,200	30.9800	4,200	30.9800	130,116
2006-05-09	OGE	GERDES STEVEN R	2,300	30.9700	2,300	30.9700	71,231
2006-05-09	OGE	GERDES STEVEN R	800	31.0100	800	31.0100	24,808
2006-05-09	OGE	GERDES STEVEN R	3,300	31.0000	3,300	31.0000	102,300
2006-05-09	OGE	GERDES STEVEN R	100	31.0700	100	31.0700	3,107
2006-05-09	OGE	GERDES STEVEN R	3,000	31.0500	3,000	31.0500	93,150
2006-05-09	OGE	GERDES STEVEN R	500	31.0400	500	31.0400	15,520
2005-08-16	OGE	GERDES STEVEN R	4,000	28.5000	4,000	28.5000	114,000
2005-08-15	OGE	GERDES STEVEN R	2,000	28.6000	2,000	28.6000	57,200
2005-08-15	OGE	GERDES STEVEN R	5,466	28.6800	5,466	28.6800	156,765
2005-08-15	OGE	GERDES STEVEN R	2,000	28.6100	2,000	28.6100	57,220
2005-08-15	OGE	GERDES STEVEN R	5,000	28.5000	5,000	28.5000	142,500

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 R Gerdes as disclosed to the Securities Exchange Commission (SEC).