Junge Zhang - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Junge Zhang. 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 Junge Zhang 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 Junge Zhang. 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 OCGN / Ocugen, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in OCGN / Ocugen, 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 (%)
2023-06-14	OCGN	Zhang Junge	200,278	0.4993	200,278	0.4993	99,999	337	1.9800	296,552	296.56
2019-12-04	OCGN	Zhang Junge	220,000	0.4400	220,000	0.4400	96,800
2019-11-25	OCGN	Zhang Junge	115,000	0.2700	115,000	0.2700	31,050
2019-11-22	OCGN	Zhang Junge	80,000	0.2800	80,000	0.2800	22,400
2019-11-18	OCGN	Zhang Junge	100,000	0.4100	100,000	0.4100	41,000
2019-11-18	OCGN	Zhang Junge	98,500	0.4100	98,500	0.4100	40,385
2019-10-11	OCGN	Zhang Junge	4,000	1.4800	4,000	1.4800	5,920
2019-09-30	OCGN	Zhang Junge	197	2.4500	3	147.0000	483
2019-09-30	OCGN	Zhang Junge	200	2.4600	3	147.6000	492
2019-09-30	OCGN	Zhang Junge	1,358	2.4700	23	148.2000	3,354
2019-09-30	OCGN	Zhang Junge	100	2.4500	2	147.0000	245
2019-09-30	OCGN	Zhang Junge	3,000	2.4800	50	148.8000	7,440
2019-09-30	OCGN	Zhang Junge	660	2.5000	11	150.0000	1,650
2019-09-30	OCGN	Zhang Junge	200	2.4900	3	149.4000	498
2019-09-30	OCGN	Zhang Junge	200	2.6200	3	157.2000	524
2019-09-30	OCGN	Zhang Junge	10,000	3.1000	167	186.0000	31,000
2019-09-30	OCGN	Zhang Junge	2,000	3.3500	33	201.0000	6,700
2019-09-30	OCGN	Zhang Junge	1,163	3.1000	19	186.0000	3,605
2019-09-30	OCGN	Zhang Junge	2,000	3.8000	33	228.0000	7,600
2019-09-30	OCGN	Zhang Junge	5,000	3.3500	83	201.0000	16,750
2019-09-30	OCGN	Zhang Junge	3,000	3.3000	50	198.0000	9,900
2019-09-30	OCGN	Zhang Junge	2,000	2.9500	33	177.0000	5,900

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

Insider Sales OCGN / Ocugen, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in OCGN / Ocugen, 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 (%)
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 Trading History

This table shows the complete list of insider trades made by Junge Zhang as disclosed to the Securities Exchange Commission (SEC).