undamentalytics Newsletter
Sign in

Migliorini Peter: insider trades

Director at Steven Madden, LTD. No open-market purchases and 15 sales not made under a pre-set plan, reported from May 18, 2010 to June 16, 2026.

What happened after Migliorini Peter’s sales?

After their sales, the shares moved −10.2% against the index over 12 months on average (a negative figure means selling was the right call); 62% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 15 −4.3% −5.1% 67% 14 −1.86 0.086 No reliable evidence
Sales, 12 months after the report 13 −10.2% −11.6% 62% 12 −1.84 0.092 No reliable evidence
Sales, 12 months after the trade 13 −11.1% −14.8% 62% 12 −2.00 0.071 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Steven Madden, LTD. SHOO —015May 18, 2010June 16, 2026

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
June 16, 2026June 15, 2026 SHOO Sale $181,200 −5.1%not yetnot yet
November 25, 2025November 25, 2025 SHOO Sale $126,420 −15.8%not yetnot yet
June 13, 2024June 12, 2024 SHOO Sale $131,430 +1.2%−56.9%−55.7%
August 15, 2023August 14, 2023 SHOO Sale $137,780 +1.8%+2.6%+1.6%
November 10, 2021November 9, 2021 SHOO Sale $275,880 −9.8%−18.8%−20.9%
September 17, 2019September 13, 2019 SHOO Sale $108,510 +16.8%−53.5%−55.8%
June 12, 2018June 11, 2018 SHOO Sale $54,180 +0.9%−11.6%−14.8%
November 15, 2016November 15, 2016 SHOO Sale $100,984 −12.1%−17.9%−19.9%
August 18, 2015August 17, 2015 SHOO Sale $127,170 −23.0%−19.9%−16.6%
August 25, 2014August 22, 2014 SHOO Sale $108,037 −7.1%+11.9%+12.9%
September 9, 2013September 5, 2013 SHOO Sale $123,998 −10.6%−31.4%−31.0%
November 21, 2012November 20, 2012 SHOO Sale $97,222 −4.8%+3.7%+0.6%
August 15, 2011August 11, 2011 SHOO Sale $229,500 −2.1%−3.6%−9.3%
August 5, 2010August 3, 2010 SHOO Sale $278,180 −5.8%+26.3%+31.6%
May 18, 2010May 17, 2010 SHOO Sale $180,750 +11.2%+37.1%+32.4%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Migliorini Peter traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.