undamentalytics Newsletter
Sign in

Oddleifson Christopher: insider trades

Chief executive at Independent Bank Corp. No open-market purchases and 20 sales not made under a pre-set plan, reported from October 25, 2013 to January 31, 2023.

What happened after Oddleifson Christopher’s sales?

After their sales, the shares moved −4.9% against the index over 12 months on average (a negative figure means selling was the right call); 55% 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 20 −2.8% −3.0% 65% 11 −1.16 0.27 No reliable evidence
Sales, 12 months after the report 20 −4.9% −4.7% 55% 11 −1.11 0.29 No reliable evidence
Sales, 12 months after the trade 20 −5.0% −7.3% 55% 11 −1.26 0.24 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
Independent Bank Corp INDB CEO020October 25, 2013January 31, 2023

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
January 31, 2023January 30, 2023 INDB Sale $93,360 −37.2%−49.9%−46.7%
June 13, 2022June 9, 2022 INDB Sale $242,580 −8.4%−55.9%−44.6%
February 24, 2022February 24, 2022 INDB Sale $84,525 +3.7%+3.1%+5.6%
February 3, 2021February 2, 2021 INDB Sale $82,005 −3.2%−8.2%−10.2%
February 13, 2020February 13, 2020 INDB Sale $91,548 −11.6%−9.9%−13.8%
February 6, 2020February 5, 2020 INDB Sale $114,195 +1.6%−9.8%−13.5%
January 30, 2019January 29, 2019 INDB Sale $83,170 −7.3%−28.9%−32.3%
January 29, 2019January 25, 2019 INDB Sale $116,985 −9.4%−30.5%−26.2%
February 5, 2018February 2, 2018 INDB Sale $87,120 +9.0%+17.8%+14.1%
July 26, 2017July 26, 2017 INDB Sale $126,035 −3.8%+11.7%+12.2%
February 2, 2017February 1, 2017 INDB Sale $79,178 −1.7%−4.7%−6.7%
January 30, 2017January 26, 2017 INDB Sale $127,460 −3.2%−9.1%−11.9%
October 31, 2016October 27, 2016 INDB Sale $99,216 +5.3%+12.4%+11.3%
May 2, 2016April 29, 2016 INDB Sale $80,713 +1.5%+21.5%+20.4%
November 5, 2015November 3, 2015 INDB Sale $183,827 −2.8%+6.6%+11.8%
May 7, 2015May 5, 2015 INDB Sale $238,317 +16.9%+14.3%+13.9%
February 3, 2015February 3, 2015 INDB Sale $80,453 +5.3%+17.6%+17.1%
November 3, 2014November 3, 2014 INDB Sale $213,650 −2.5%+15.2%+15.5%
February 3, 2014January 30, 2014 INDB Sale $77,490 −4.2%−4.8%−7.9%
October 25, 2013October 24, 2013 INDB Sale $83,364 −3.3%−6.2%−8.7%

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 Oddleifson Christopher traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.