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Shennan James G Jr: insider trades

Director at Starbucks. No open-market purchases and 18 sales not made under a pre-set plan, reported from August 11, 2010 to May 18, 2016.

What happened after Shennan James G Jr’s sales?

After their sales, the shares moved +4.4% against the index over 12 months on average (a negative figure means selling was the right call); 61% 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 18 −2.7% −4.4% 61% 7 0.28 0.79 No reliable evidence
Sales, 12 months after the report 18 +4.4% −3.9% 61% 7 1.29 0.24 No reliable evidence
Sales, 12 months after the trade 18 +3.2% −6.7% 61% 7 1.23 0.27 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
Starbucks SBUX —018August 11, 2010May 18, 2016

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
May 18, 2016May 16, 2016 SBUX Sale $2,778,500 −5.6%−4.7%−8.7%
May 2, 2016April 28, 2016 SBUX Sale $2,751,655 −3.9%−9.0%−9.0%
March 2, 2016February 29, 2016 SBUX Sale $1,180,000 −13.3%−23.6%−25.5%
February 19, 2016February 17, 2016 SBUX Sale $938,104 −12.9%−24.7%−24.1%
February 17, 2016February 12, 2016 SBUX Sale $830,550 −10.7%−23.6%−25.3%
February 12, 2016February 10, 2016 SBUX Sale $903,102 −10.7%−23.9%−24.3%
November 5, 2015November 3, 2015 SBUX Sale $937,350 −0.4%−14.5%−16.0%
September 8, 2015September 3, 2015 SBUX Sale $1,090,145 +7.2%−12.1%−10.0%
September 4, 2014September 2, 2014 SBUX Sale $852,862 +1.0%+43.5%+42.5%
August 30, 2013August 28, 2013 SBUX Sale $1,400,134 +3.2%−15.6%−13.3%
May 16, 2013May 14, 2013 SBUX Sale $1,157,688 +10.7%−3.1%−4.8%
August 27, 2012August 23, 2012 SBUX Sale $1,204,000 +4.3%+26.6%+29.8%
June 18, 2012June 14, 2012 SBUX Sale $1,301,000 −18.3%−0.7%+3.2%
June 11, 2012June 7, 2012 SBUX Sale $2,693,500 −12.8%+0.1%−2.0%
May 23, 2011May 19, 2011 SBUX Sale $3,706,000 +12.9%+52.2%+42.3%
November 26, 2010November 24, 2010 SBUX Sale $644,087 −4.8%+35.5%+34.1%
November 24, 2010November 22, 2010 SBUX Sale $905,913 −6.3%+33.3%+35.5%
August 11, 2010August 9, 2010 SBUX Sale $1,276,500 +11.6%+43.9%+33.4%

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 Shennan James G Jr traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.