In this report, we examine stocks that C-level officers and directors bought and sold ending the week of April 28,2018.

Insiders sell stock for many reasons, but they generally buy for just one – to make money.  As a standard, we only look at material amounts of money, $100 thousand or more, as anything less could just be window dressing.

The bar is different with selling, because the natural state of management is to be sellers. This is because most companies provide significant amounts of management compensation packages as stock. Therefore, with selling, we analyze for unusual patterns, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52 week lows.

Another red flag are large planned sale programs that start without warning. We generally ignore 10 percent shareholders as they tend to be OPM (other people’s money) and not the SMART money we are trying to go to school on.  Although this info is available for free from the SEC’s Web site , Edgar, we subscribe to the Washington Service as they provide a way to manage and make sense of the vast realms of data.

To learn more about our strategy, visit our website at The Insiders Fund. We welcome your comments on our analysis. We may own positions, long or short, in any of these names and are under no obligation to disclose that.


TUP – Tupperware Brands Corp.  Tupperware party has not been fun for shareholders but maybe this is a harbinger of a change of fortunes.
Inside Trade Info: Tupperware Brands Corp TUP Dir Cloninger Kriss III purchased 5,000 shares at $41.91 for a total of $209.6K. Dir Parker David R purchased 3,000 shares at $41.7 for a total of $125.1K. VP Garcia Lillian D purchased 2,320 shares at $43.18 for a total of $100.2K.

Why is this unusual and significant?
When we first saw the transactions, we did not take it seriously. However, we soon realized that we were wrong. In fact, those transactions were made my top executives running the firm for a long time. In fact, most of them purchased the shares when the price dropped.
Current Performance:

Inside Trade Info: SYNNEX Corp SNX Dir Miau Matthew sold 2,000 shares at $103.99 for a total of $208.0K.

Why is this unusual and significant?
First, this transaction was the largest transaction made by Miau Matthew. Second, it was his 3rd transaction since his last sale in 2013. Third, the stock price is at its peak. What do you think?
Current Performance:

CMTL – Comtech Telecommunications Corp
Inside Trade Info: Comtech Telecommunications Corp CMTL Chmn Kornberg Fred sold 30,000 shares at $32.35 for a total of $1.0M.

Why is this unusual and significant?
Komberg Fred would know about the company more than anyone else as he has been with CMTI for nearly 20 years. In the past, he did not do sell transactions. He usually purchased them. However, he recently started to sell them (significant amount). Why did he sell them? We do not know, but we should keep our eyes on the stock price.
Current Performance: