Ronald A Rittenmeyer - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Ronald A Rittenmeyer. 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 Ronald A Rittenmeyer 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 Ronald A Rittenmeyer. 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 THC / Tenet Healthcare Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in THC / Tenet Healthcare Corporation. 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 (%)
2020-03-13	THC	Rittenmeyer Ronald A	11,500	17.1800	11,500	17.1800	197,570	363	55.6200	442,060	223.75
2020-03-02	THC	Rittenmeyer Ronald A	10,000	27.1100	10,000	27.1100	271,100
2016-11-11	THC	Rittenmeyer Ronald A	15,000	14.3500	15,000	14.3500	215,250

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

Insider Sales THC / Tenet Healthcare Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in THC / Tenet Healthcare Corporation. 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 (%)
2022-03-03	THC	Rittenmeyer Ronald A	190,149	90.5600	190,149	90.5600	17,219,893	232	37.5000	-10,089,306	-58.59
2022-03-02	THC	Rittenmeyer Ronald A	59,851	90.1200	59,851	90.1200	5,393,772
2021-12-16	THC	Rittenmeyer Ronald A	5,799	77.8600	5,799	77.8600	451,510
2021-12-10	THC	Rittenmeyer Ronald A	6,090	76.0000	6,090	76.0000	462,840
2021-12-08	THC	Rittenmeyer Ronald A	65,897	76.0300	65,897	76.0300	5,010,149
2021-12-07	THC	Rittenmeyer Ronald A	11,308	76.0100	11,308	76.0100	859,521
2021-11-24	THC	Rittenmeyer Ronald A	152	79.2500	152	79.2500	12,046
2021-11-23	THC	Rittenmeyer Ronald A	21,984	79.2800	21,984	79.2800	1,742,892
2021-11-22	THC	Rittenmeyer Ronald A	29,520	79.0200	29,520	79.0200	2,332,670
2021-11-19	THC	Rittenmeyer Ronald A	95	79.0000	95	79.0000	7,505
2021-11-18	THC	Rittenmeyer Ronald A	49,905	79.0000	49,905	79.0000	3,942,495
2021-11-16	THC	Rittenmeyer Ronald A	19,353	80.1700	19,353	80.1700	1,551,530
2021-11-15	THC	Rittenmeyer Ronald A	29,974	80.3800	29,974	80.3800	2,409,310
2012-12-17	THC	Rittenmeyer Ronald A	20,000	31.4200	20,000	31.4200	628,400

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 Ronald A Rittenmeyer as disclosed to the Securities Exchange Commission (SEC).