Research Frontiers Inc insider trading

Every open-market purchase and sale by Research Frontiers Inc's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

No open-market insider trades reported in the last five years.

Does following Research Frontiers Inc’s insiders pay?

From February 14, 2011 to August 27, 2020, 12 insiders reported 27 open-market purchases and 17 sales not made under a pre-set plan in Research Frontiers Inc. Twelve months after each purchase was reported, the shares were −20.6% against the S&P 500 on average (median −13.5%), over 23 purchases with a full year of prices; 13% beat the index. After sales, the shares moved −40.7% against the index over 12 months (a negative figure means selling was the right call). 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 February 15, 2011 into $5,190 by November 2, 2026, −4.1% a year. It held shares 19% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $15,724 (+2.9% a year), and held throughout $74,927 (+13.7%).

Copying Research Frontiers Inc's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Research Frontiers Inc's insiders from February 15, 2011, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 19% of the time.

Research Frontiers Inc: each insider's record
Insider	Role	Purchases	12 months after their purchases	Beat the S&P 500	Sales	12 months after their sales	Latest report
Kaganowicz Alexander	Director	15	−19.4% (13)	8%	0	—	January 22, 2015
Douglas Family Trust	10% owner	2	−1.7% (2)	50%	3	—	August 27, 2020
Douglas Kevin	10% owner	2	−1.7% (2)	50%	2	—	August 11, 2020
James & Jean Douglas Irrevocable Descendants Trust	10% owner	1	—	—	3	—	July 30, 2020
Slovak Steven Michael	Vice President-Technology	0	—	—	3	−48.4% (2)	November 22, 2013
Daigle Darryl	Director	2	−0.8% (1)	0%	0	—	May 15, 2014
Grimes Gregory George	Director	1	−48.1% (1)	0%	1	—	October 12, 2018
Harary Joseph M	President and CEO	0	—	—	2	−54.8% (2)	April 7, 2011
Lapointe Michael R	VP-Marketing	0	—	—	2	−41.1% (1)	June 27, 2019
Saxe Robert L	Chairman of the Board	1	−48.1% (1)	0%	1	+3.2% (1)	September 19, 2014
Van Voorhees Seth	CFO & VP-Business Development	2	−31.8% (2)	0%	0	—	June 19, 2014
Keen Victor F	Director	1	−54.0% (1)	0%	0	—	April 7, 2011

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.

When several insiders traded Research Frontiers Inc

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Research Frontiers Inc in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged −24.6% against the index. One company's history is too short to judge by; the test across every company is the better guide.

Month	Crowd	3 months on, vs S&P 500	6 months	12 months
May 30, 2014	4 buying	−18.3%	−21.8%	−18.7%
April 29, 2011	4 buying	−21.0%	−27.3%	−48.5%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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