Joseph L. Dugan

Joseph L. Dugan has filed trades across 2 companies (mainly through SEC (Form 4)), most often in Canandaigua National Corp and Financial Institutions Inc. Over a trading history stretching from 6 March 2006 to 6 May 2020, the count stands at 21 filings.

The open-market side counts 6 purchases for €363k alongside 8 sales for €378k. Taken together, the sales exceed the purchases by €15k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The rest of the record consists of 2 share grants and 2 option exercises. In 2020 alone, the filings show 2 purchases and no sales.

The median purchase comes to €17k. Clusters matter here: 5 out of 5 purchases overlapped with buying by a colleague within 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. Looking at 5 purchases old enough to measure, the stock rose over the following 90 days in 20% of cases; the median change was -5.3%. These figures describe past trades and do not predict future prices.

The latest filing, published on 7 May 2020, reports an open-market purchase of €44k in Financial Institutions Inc. Filings reach the SEC (Form 4) feed a median of 3 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.