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Ventura Jeffrey L: insider trades

Chief executive, Officer at Range Resources Corp. No open-market purchases and 16 sales not made under a pre-set plan, reported from April 16, 2010 to May 27, 2022.

What happened after Ventura Jeffrey L’s sales?

After their sales, the shares moved −13.2% against the index over 12 months on average (a negative figure means selling was the right call); 69% 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 16 +1.6% −3.9% 63% 11 −0.15 0.88 No reliable evidence
Sales, 12 months after the report 16 −13.2% −15.1% 69% 11 −0.85 0.41 No reliable evidence
Sales, 12 months after the trade 16 −14.3% −11.5% 69% 11 −0.95 0.36 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
Range Resources Corp RRC President and CEO016April 16, 2010May 27, 2022

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 27, 2022May 25, 2022 RRC Sale $4,900,500 −3.5%−23.4%−18.1%
May 21, 2021May 20, 2021 RRC Sale $1,471,050 −16.1%+112.9%+105.7%
July 10, 2018July 9, 2018 RRC Sale $153,773 +7.2%−72.6%−72.7%
January 5, 2017January 3, 2017 RRC Sale $1,581,100 −17.8%−73.5%−67.6%
March 11, 2016March 11, 2016 RRC Sale $219,139 +38.6%−29.8%−29.3%
January 11, 2016January 8, 2016 RRC Sale $113,248 +54.5%+24.7%+7.0%
August 28, 2015August 26, 2015 RRC Sale $278,515 −32.0%−9.4%+1.3%
April 9, 2015April 8, 2015 RRC Sale $792,666 −17.3%−36.0%−40.5%
January 22, 2015January 20, 2015 RRC Sale $431,104 +22.5%−42.0%−48.1%
August 18, 2014August 14, 2014 RRC Sale $639,862 −9.5%−60.2%−60.7%
August 16, 2013August 15, 2013 RRC Sale $1,646,807 −11.1%−20.7%−22.5%
April 16, 2013April 12, 2013 RRC Sale $664,821 −3.3%+4.2%−5.0%
February 28, 2012February 27, 2012 RRC Sale $1,882,505 −4.4%+7.5%+7.1%
April 15, 2011April 14, 2011 RRC Sale $966,061 +18.8%−0.3%−1.4%
January 12, 2011January 10, 2011 RRC Sale $708,517 +6.8%+10.3%+21.4%
April 16, 2010April 15, 2010 RRC Sale $317,829 −8.0%−2.2%−4.7%

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