Meridian Corp insider trading

Does following Meridian Corp’s insiders pay?

From September 10, 2018 to June 25, 2026, 9 insiders reported 48 open-market purchases and 0 sales not made under a pre-set plan in Meridian Corp. Twelve months after each purchase was reported, the shares were +8.1% against the S&P 500 on average (median −1.7%), over 45 purchases with a full year of prices; 49% beat the index. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on September 11, 2018 into $27,894 by November 2, 2026, +13.5% a year. It held shares 100% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $29,633 (+14.3% a year), and held throughout $29,633 (+14.3%).

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.