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Jones Douglas E: insider trades

Officer at MSC Industrial Direct Co Inc. No open-market purchases and 36 sales not made under a pre-set plan, reported from April 26, 2010 to February 8, 2023.

What happened after Jones Douglas E’s sales?

After their sales, the shares moved −2.9% against the index over 12 months on average (a negative figure means selling was the right call); 58% 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 36 −1.9% −3.9% 64% 14 −1.09 0.30 No reliable evidence
Sales, 12 months after the report 36 −2.9% −6.5% 58% 14 −1.01 0.33 No reliable evidence
Sales, 12 months after the trade 36 −2.5% −6.9% 58% 14 −0.86 0.41 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
MSC Industrial Direct Co Inc MSM EVP, Chief Supply Chain036April 26, 2010February 8, 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
February 8, 2023February 7, 2023 MSM Sale $77,880 +4.3%−6.1%−7.6%
February 6, 2023February 2, 2023 MSM Sale $2,150,594 +2.4%−7.6%−5.7%
August 17, 2022August 15, 2022 MSM Sale $2,566,154 +5.0%+16.2%+16.5%
August 15, 2022August 11, 2022 MSM Sale $3,890,195 +5.9%+17.3%+17.5%
April 1, 2022March 31, 2022 MSM Sale $2,720,610 +4.8%+13.5%+10.4%
November 3, 2021November 2, 2021 MSM Sale $185,810 +0.8%+19.1%+18.6%
January 26, 2021January 25, 2021 MSM Sale $889,147 +2.8%−11.4%−10.5%
May 18, 2020May 15, 2020 MSM Sale $221,820 −12.2%+15.6%+23.9%
January 21, 2020January 17, 2020 MSM Sale $108,388 −3.4%+5.8%+11.0%
April 25, 2019April 24, 2019 MSM Sale $177,521 −14.4%−18.2%−19.5%
May 22, 2018May 21, 2018 MSM Sale $2,171,700 −8.7%−23.6%−26.6%
January 25, 2018January 23, 2018 MSM Sale $283,480 −3.7%−6.5%−6.6%
February 21, 2017February 17, 2017 MSM Sale $2,069,832 −20.0%−31.2%−31.3%
November 21, 2016November 18, 2016 MSM Sale $84,086 +10.0%−24.4%−21.9%
November 3, 2016November 2, 2016 MSM Sale $329,786 +31.8%−12.8%−8.3%
April 13, 2016April 11, 2016 MSM Sale $921,044 −6.0%+7.9%+8.6%
July 9, 2015July 8, 2015 MSM Sale $152,011 −5.0%+1.0%+2.3%
May 2, 2014May 1, 2014 MSM Sale $435,344 −7.8%−28.9%−31.2%
April 14, 2014April 10, 2014 MSM Sale $191,356 −4.1%−28.6%−31.9%
May 20, 2013May 17, 2013 MSM Sale $1,012,906 −5.4%−7.8%−6.4%
January 17, 2013January 16, 2013 MSM Sale $915,310 −4.1%−11.1%−8.1%
January 14, 2013January 11, 2013 MSM Sale $369,700 −1.3%−8.4%−11.9%
November 2, 2012November 1, 2012 MSM Sale $212,112 +5.2%−16.6%−19.7%
August 9, 2012August 8, 2012 MSM Sale $1,260,360 +5.6%−4.1%−7.8%
May 16, 2012May 14, 2012 MSM Sale $142,500 −7.8%−6.6%−7.3%
January 27, 2012January 26, 2012 MSM Sale $158,982 −9.2%−10.3%−11.8%
January 26, 2012January 24, 2012 MSM Sale $142,541 −8.5%−10.5%−11.6%
January 25, 2012January 23, 2012 MSM Sale $84,711 −9.4%−11.8%−10.7%
January 9, 2012January 6, 2012 MSM Sale $510,930 +0.9%−10.6%−8.6%
February 8, 2011February 7, 2011 MSM Sale $982,080 +12.3%+23.7%+24.0%
November 22, 2010November 19, 2010 MSM Sale $156,380 −8.0%+5.5%+11.0%
November 19, 2010November 18, 2010 MSM Sale $77,884 −7.1%+6.7%+9.7%
October 29, 2010October 28, 2010 MSM Sale $466,400 −3.1%+12.7%+14.7%
October 27, 2010October 26, 2010 MSM Sale $116,610 −4.9%+14.7%+14.5%
October 26, 2010October 25, 2010 MSM Sale $787,320 −5.0%+15.0%+14.4%
April 26, 2010April 22, 2010 MSM Sale $763,290 −1.7%+18.0%+18.1%

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