Patrick Ronald Scanlon - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Patrick Ronald Scanlon. 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 Patrick Ronald Scanlon 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 Patrick Ronald Scanlon. 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 AWR / American States Water Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AWR / American States Water Company. 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 AWR / American States Water Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AWR / American States Water Company. 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 (%)
2019-10-08	AWR	SCANLON PATRICK RONALD	1,105	91.0600	1,105	91.0600	100,621	160	65.41	-28,343	-28.17
2019-08-28	AWR	SCANLON PATRICK RONALD	1,105	90.7300	1,105	90.7300	100,257
2017-02-01	AWR	SCANLON PATRICK RONALD	500	43.3300	500	43.3300	21,665
2017-01-03	AWR	SCANLON PATRICK RONALD	500	45.4600	500	45.4600	22,730
2016-12-01	AWR	SCANLON PATRICK RONALD	500	42.3900	500	42.3900	21,195
2016-11-01	AWR	SCANLON PATRICK RONALD	500	40.0000	500	40.0000	20,000
2016-10-31	AWR	SCANLON PATRICK RONALD	300	40.0000	300	40.0000	12,000
2016-10-03	AWR	SCANLON PATRICK RONALD	200	40.0000	200	40.0000	8,000
2016-09-07	AWR	SCANLON PATRICK RONALD	500	40.0000	500	40.0000	20,000
2013-06-06	AWR	SCANLON PATRICK RONALD	966	53.0200	966	53.0200	51,217
2012-08-28	AWR	SCANLON PATRICK RONALD	15,387	43.9900	15,387	43.9900	676,874
2012-08-27	AWR	SCANLON PATRICK RONALD	4,196	43.9700	4,196	43.9700	184,498
2012-06-14	AWR	SCANLON PATRICK RONALD	4,092	38.0200	4,092	38.0200	155,578
2012-03-14	AWR	SCANLON PATRICK RONALD	100	38.0000	100	38.0000	3,800
2012-03-13	AWR	SCANLON PATRICK RONALD	4,883	38.0000	4,883	38.0000	185,554
2012-02-01	AWR	SCANLON PATRICK RONALD	9,075	36.7500	9,075	36.7500	333,506

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 Patrick Ronald Scanlon as disclosed to the Securities Exchange Commission (SEC).