Michael Lewis Reger

All filings by Michael Lewis Reger on record concern Northern OIL & Gas, Inc. In total, 77 filings cover trades dated from 26 December 2007 to 28 June 2019.

Market trades split into 6 purchases (€1.8M) and 32 sales (€32.1M). The net balance comes to €30.3M on the selling side. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The rest of the record consists of 33 share grants and 1 option exercise. 2019 to date brings 4 purchases and no sales.

In size, the median ticket on the buying side is €197k. 3 out of 4 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. For 6 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 0% of cases, with a median move of -25.9%. They describe history only and say nothing certain about the share price ahead.

Most recently, on 28 June 2019, the filings show a transaction in Northern OIL & Gas, Inc. The most recent open-market purchase was published on 3 June 2019, 2,715 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. For comparison, the SEC allows two business days to file a Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.