John H Sanders - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of John H Sanders. 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 John H Sanders 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 John H Sanders. 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 NWFL / Norwood Financial Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NWFL / Norwood Financial 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 (%)
2016-09-15	NWFL	SANDERS JOHN H	125	29.4000	188	19.6000	3,675	119	32.0000	2,309	62.83
2016-08-19	NWFL	SANDERS JOHN H	125	28.6200	188	19.0800	3,578

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

Insider Sales NWFL / Norwood Financial Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NWFL / Norwood Financial 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 (%)
2020-09-04	NWFL	SANDERS JOHN H	187	24.8000	187	24.8000	4,638	56	22.8800	-358	-7.73
2020-02-10	NWFL	SANDERS JOHN H	1,875	35.5000	1,875	35.5000	66,562
2020-02-10	NWFL	SANDERS JOHN H	130	35.5000	130	35.5000	4,615
2019-03-15	NWFL	SANDERS JOHN H	381	29.5100	381	29.5100	11,243
2019-03-15	NWFL	SANDERS JOHN H	1,500	29.5100	1,500	29.5100	44,265
2019-03-05	NWFL	SANDERS JOHN H	159	30.5000	159	30.5000	4,850
2019-02-27	NWFL	SANDERS JOHN H	821	31.1000	821	31.1000	25,533
2019-02-26	NWFL	SANDERS JOHN H	1,650	31.3200	1,650	31.3200	51,678
2019-02-26	NWFL	SANDERS JOHN H	139	31.3200	139	31.3200	4,353
2018-05-07	NWFL	SANDERS JOHN H	498	30.0000	498	30.0000	14,940
2018-05-07	NWFL	SANDERS JOHN H	1,152	29.7000	1,152	29.7000	34,214
2018-05-03	NWFL	SANDERS JOHN H	650	30.2000	650	30.2000	19,630
2018-05-03	NWFL	SANDERS JOHN H	350	30.2000	350	30.2000	10,570
2018-05-03	NWFL	SANDERS JOHN H	1,300	30.1400	1,300	30.1400	39,182
2018-04-26	NWFL	SANDERS JOHN H	1,000	30.4800	1,000	30.4800	30,480
2017-07-24	NWFL	SANDERS JOHN H	1,650	43.2000	2,475	28.8000	71,280
2017-07-21	NWFL	SANDERS JOHN H	550	43.0000	825	28.6667	23,650
2016-11-22	NWFL	SANDERS JOHN H	1,100	30.3500	1,650	20.2333	33,385
2014-11-04	NWFL	SANDERS JOHN H	1,733	28.9400	2,600	19.2933	50,153
2013-06-06	NWFL	SANDERS JOHN H	1,521	30.9500	2,282	20.6333	47,075
2013-06-05	NWFL	SANDERS JOHN H	212	31.0000	318	20.6667	6,572

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 John H Sanders as disclosed to the Securities Exchange Commission (SEC).