David L. King

David L. King appears in our data through filings on Tri-Continental Corp shares, published by SEC (Form 4). The record holds 71 filings, for trades running from 1 February 2017 to 2 March 2020.

The open-market record is one-sided, with 71 purchases worth €552k and not one sale. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. So far in 2020, the count stands at 55 purchases and no sales.

A typical purchase (the median) is worth €3,953. On 13 out of 71 purchases, another insider of the same company was buying within the same 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. Looking at 71 purchases old enough to measure, the stock rose over the following 90 days in 23% of cases; the median change was -7.0%. This is a record of the past, not a forecast.

The record was last updated on 3 March 2020 with an open-market purchase (€1,086) in Tri-Continental Corp. Filings reach the SEC (Form 4) feed a median of 1 day after the trade. For comparison, the SEC allows two business days to file a Form 4. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.