Richard L. Scott

Richard L. Scott discloses dealings in 8 companies, chiefly Media Sciences International Inc, Xfone Inc and Stephan Co. In total, 201 filings cover trades dated from 12 January 2006 to 20 December 2012.

Market trades split into 89 purchases (€3.4M) and 94 sales (€10.4M). On balance, insiders were net sellers of €7.0M. 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 9 share grants. So far in 2012, the count stands at no purchases and 3 sales.

The median purchase comes to €10k. For 31 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 71% of cases, with a median move of +3.4%. This is a record of the past, not a forecast.

The newest entry dates from 21 December 2012: an open-market sale of €1.9M, in Argan Inc. The clock since the last published purchase (15 November 2011) now reads 5,457 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. 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. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.