Tag Archives: PIPS

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Cumberland Advisors Market Commentary – Insider Trading – the Case of Energy

Author: Leo Chen, Ph.D., Post Date: September 14, 2020
Cumberland Advisors Market Commentary - Insider Trading – the Case of Energy

Our last commentary on insider trading studied post-insider-purchase-spike (PIPS) market performance (https://www.cumber.com/cumberland-advisors-market-commentary-insider-trading-what-does-it-tell-us/). We found that the 6-month market return is 13.54% on average after the insider buy/sell ratio rises above 1. Today we will demonstrate the PIPS effect using the Energy sector as an example. Undoubtedly, corporate insiders possess an informational advantage over outsiders. The […]