Hi everyone,
This post was originally made on reddit, on my subreddit r/InsiderTradingAlerts. Go check it out if you want to see past posts on performance and daily alerts I’ve made previously!
https://www.reddit.com/r/InsiderTradingAlerts/comments/1foqdv4/insider_activity_on_capr/
On the day of this post, 09/24, the screener identified a transaction for the stock ticker CAPR as suspicious. This transaction was not marked as significant enough to put in the alerts email, but I still looked into it because of the unusual size. As you can see in the post above, I immediately went to post because of some of the activity that seemed to surround the timing of the transaction. So the filing was identified on that date, but the transaction itself took place on 09/20. This was a highly publicized transaction, where it was the the corporation Nippon Shinyaku buying 15 million dollars in company stock of CAPR. You can see that in the link to the form below.
https://www.sec.gov/Archives/edgar/data/1133869/000092963824003214/xslF345X03/form4.xml
Now OF COURSE today (09/24) we see this: https://finance.yahoo.com/news/capricor-therapeutics-announces-intent-file-120000203.html – basically they’re filing for a novel treatment. Stock pops 50% today! And even more shockingly, this corporation (Nippon Shinyaku) has made over 10 million dollars in 4 days on this stock. (As of the day following this post, that total rose to over 12 million)
We can see the news article from when the agreement went through here: https://finance.yahoo.com/news/capricor-therapeutics-nippon-shinyaku-sign-143104718.html
I’m honestly not sure if it’s just chance of timing, but man is this suspicious. They first buy into their partner company’s stock at a 20% premium as part of a deal and then 3 days later some huge news comes out and the stock goes up 50% in a day.
After I made this original post on Reddit on 09/24, the stock then jumped again the next day, reaching highs of +20% following the identification of the insider transaction.
As always, thanks everyone, and I will be continuing to post more here.