Ryan J. Morris

Ryan J. Morris is a declared insider at 3 companies; the most frequent names are Sevcon, Inc., InfuSystem Holdings, Inc and TRANS LUX Corp. In total, 50 filings cover trades dated from 4 February 2014 to 29 December 2017.

In open-market terms, that means 32 purchases worth €6.8M on one side and 1 sale worth €51k on the other. On balance, insiders were net buyers of €6.8M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Outside the open market, there are 10 share grants and 4 option exercises.

In size, the median ticket on the buying side is €19k. Clusters matter here: 2 out of 15 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. After 13 purchases with a full 90-day history, the hit rate stands at 23% and the median 90-day move at -24.3%. They describe history only and say nothing certain about the share price ahead.

Most recently, on 3 January 2018, the filings show a share grant in TRANS LUX Corp. The latest purchase dates back some time: it was published 3,444 days ago, on 19 May 2017. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.