SCWX - CFO Trading Anomaly For April: Revealing Top Insider Buys In Declining Markets

• The CFO trading anomaly is well documented to show abnormal returns among the most knowledgeable insiders.
• Leveraging the SEC Form 4 database shows there has not been a $1 million CFO share purchase in over 40 days and only 3 so far into 2022.
• "CFOs utilize more (superior) information in their purchase transactions compared to CEOs. The excess returns by CFOs persist even after the trading information is made public" (Wang et al. 2012).
• Of the 20 largest purchases by CFOs in the last 30 days out of the 11 sectors, half the purchases are only in Technology and Healthcare.
• Long time members have requested I run additional CFO insights for 2022 and this article adds to the research of the V&M Library.

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