Clifford M. Noreen

Clifford M. Noreen has filed trades across 2 companies (mainly through SEC (Form 4)), most often in Barings Corporate Investors and Barings Global Short Duration High Yield Fund. Over a trading history stretching from 30 December 2014 to 10 February 2017, the count stands at 6 filings.

Every open-market trade on record is a purchase: 6 purchases worth €577k, and no sale. Unlike grants, an open-market purchase is paid for by the insider, at the market price. So far in 2017, the count stands at 5 purchases and no sales.

In size, the median ticket on the buying side is €69k. 3 out of 3 purchases came within 30 days of a purchase by at least one other insider of the same company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. Looking at 4 purchases old enough to measure, the stock rose over the following 90 days in 100% of cases; the median change was +1.8%. They describe history only and say nothing certain about the share price ahead.

On 13 February 2017 came the latest disclosure, an open-market purchase for €69k in Barings Corporate Investors. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. 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.