SNBR - CFO Insider Trading Anomaly For June: Biggest Buys Yielding Best Returns
Introduction
This article continues my monthly analysis of the live testing of the CFO Insider trading anomaly study that began at the start of April 2019. The purpose is to retest highly profitable aspects of peer-reviewed research in the financial literature for the next 12 months. This new anomaly study is replacing my prior Russell 2000 Reconstitution Anomaly study that concludes a two-year evaluation today and is summarized in a separate final performance results article.
Instinctively, we know that corporate insiders have the best information to conduct potentially profitable purchases and sales of their company