Chad L Stephens - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Chad L Stephens. 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 Chad L Stephens 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 Chad L Stephens. 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 RRC / Range Resources Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RRC / Range Resources 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 (%)
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 RRC / Range Resources Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RRC / Range Resources 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 (%)
2017-05-31	RRC	STEPHENS CHAD L	5,846	23.0012	5,846	23.0012	134,465	254	12.71	-60,162	-44.74
2017-05-31	RRC	STEPHENS CHAD L	22,898	23.0600	22,898	23.0600	528,028
2016-05-25	RRC	STEPHENS CHAD L	30,562	43.0000	30,562	43.0000	1,314,166
2016-02-02	RRC	STEPHENS CHAD L	25,199	27.1848	25,199	27.1848	685,030
2015-04-16	RRC	STEPHENS CHAD L	2,500	59.7469	2,500	59.7469	149,367
2015-04-16	RRC	STEPHENS CHAD L	3,111	59.8798	3,111	59.8798	186,286
2015-04-08	RRC	STEPHENS CHAD L	4,683	55.1862	4,683	55.1862	258,437
2015-01-20	RRC	STEPHENS CHAD L	3,575	48.3300	3,575	48.3300	172,780
2014-05-06	RRC	STEPHENS CHAD L	12,806	90.3903	12,806	90.3903	1,157,538
2014-01-30	RRC	STEPHENS CHAD L	13,489	85.9888	13,489	85.9888	1,159,903
2013-09-11	RRC	STEPHENS CHAD L	10,000	78.5681	10,000	78.5681	785,681
2013-03-15	RRC	STEPHENS CHAD L	1,491	81.6672	1,491	81.6672	121,766
2013-03-11	RRC	STEPHENS CHAD L	10,000	79.2826	10,000	79.2826	792,826
2013-01-25	RRC	STEPHENS CHAD L	11,394	68.6840	11,394	68.6840	782,585
2012-08-13	RRC	STEPHENS CHAD L	20,000	67.2365	20,000	67.2365	1,344,730
2012-04-30	RRC	STEPHENS CHAD L	11,295	63.9540	11,295	63.9540	722,360
2012-04-13	RRC	STEPHENS CHAD L	2,832	56.0666	2,832	56.0666	158,781

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 Chad L Stephens as disclosed to the Securities Exchange Commission (SEC).