Fbo Serena Vr Altschul Uad 5/22/71 Trust - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Fbo Serena Vr Altschul Uad 5/22/71 Trust. 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 Fbo Serena Vr Altschul Uad 5/22/71 Trust 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 Fbo Serena Vr Altschul Uad 5/22/71 Trust. 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 GAM / General American Investors Company, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in GAM / General American Investors Company, Inc.. 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 GAM / General American Investors Company, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in GAM / General American Investors Company, Inc.. 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 (%)
2017-04-06	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	2,000	33.5328	2,000	33.5328	67,066	223	32.7200	-1,625	-2.42
2017-03-28	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	615	33.3591	615	33.3591	20,516
2017-03-27	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,028	33.2044	1,028	33.2044	34,134
2017-03-17	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	300	33.6042	300	33.6042	10,081
2017-03-16	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	700	33.5600	700	33.5600	23,492
2017-03-13	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,000	33.3700	1,000	33.3700	33,370
2015-07-28	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,000	34.1220	1,000	34.1220	34,122
2015-07-10	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	3,000	34.4594	3,000	34.4594	103,378
2014-08-25	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	2,000	38.0996	2,000	38.0996	76,199
2014-03-07	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,615	35.0744	1,615	35.0744	56,645
2014-03-06	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,445	35.1320	1,445	35.1320	50,766
2014-03-05	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	20,489	35.1152	20,489	35.1152	719,475
2014-03-04	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	991	35.1067	991	35.1067	34,791
2014-03-03	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	335	34.6243	335	34.6243	11,599
2014-02-28	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	573	34.7683	573	34.7683	19,922
2014-02-24	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	119	34.5200	119	34.5200	4,108
2014-02-21	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	239	34.2937	239	34.2937	8,196
2014-02-20	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	3,532	34.3122	3,532	34.3122	121,191
2014-02-07	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,276	33.1249	1,276	33.1249	42,267
2014-01-29	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	1,000	33.3083	1,000	33.3083	33,308
2013-11-01	GAM	TRUST FBO SERENA VR ALTSCHUL UAD 5/22/71	5,000	35.3605	5,000	35.3605	176,802

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 Fbo Serena Vr Altschul Uad 5/22/71 Trust as disclosed to the Securities Exchange Commission (SEC).