Jack D. Michaels

Jack D. Michaels has filed trades across 2 companies (mainly through SEC (Form 4)), most often in Snap-on Inc and Ipsco Inc. We count 190 filings; the first trade dates from 12 July 2006 and the latest from 11 February 2009.

Both buying and selling appear: 8 purchases worth €135k, against 157 sales worth €18.4M. Taken together, the sales exceed the purchases by €18.3M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 6 share grants and 18 option exercises.

Half of the purchases are above €6,806 and half below. After 8 purchases with a full 90-day history, the hit rate stands at 0% and the median 90-day move at -10.3%. They describe history only and say nothing certain about the share price ahead.

The latest filing, published on 29 December 2009, reports an option exercise in Snap-on Inc. The last insider purchase was made public on 17 September 2007, 6,977 days ago. Typically, a trade is published a median of 1 day after it takes place. Section 16 rules allow two business days to file each Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.