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Insider Buy Cluster Buy CEO Buy March 10, 2020

Clark Kevin Cronin purchased ~$251K in Cross Country Healthcare, Inc. stock

Cross Country Healthcare, Inc. (CCRN)  ·  President, CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-14.0%

vs SPY +12.7%

CCRN price after insider trade by Clark Kevin Cronin

Insider

Clark Kevin Cronin

Role

President, CEO

Transaction

Open-Market Purchase

Approx. Value

~$251K

Trade Date

Mar 10, 2020

Company

Cross Country Healthcare, Inc.

Ticker

CCRN

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$251K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

President, CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

4 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

-14.0% in 90 days (S&P 500: +12.7%)

This trade underperformed the S&P 500 by 26.8 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

CK

How good is Clark Kevin Cronin at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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4

Clark Kevin Cronin wasn't the only one buying.

4 insiders at Cross Country Healthcare, Inc. traded within the same 30-day window.

See who else bought · Free

On March 10, 2020, Clark Kevin Cronin — President, CEO of Cross Country Healthcare, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$251K in Cross Country Healthcare, Inc. (CCRN) stock.

This transaction was part of a cluster — 4 insiders at Cross Country Healthcare, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, CCRN returned -14.0% versus +12.7% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$251K
Insider role President, CEO
Cluster 4 insiders
90-day return -14.0%
vs S&P 500 -26.8%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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