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Insider Buy New Position June 10, 2024

CRAVEN DENNIS M purchased ~$95K in Chatham Lodging Trust stock

Chatham Lodging Trust (CLDT)  ·  EVP & Chief Operating Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-0.7%

vs SPY +2.3%

CLDT price after insider trade by CRAVEN DENNIS M

Insider

CRAVEN DENNIS M

Role

EVP & Chief Operating Officer

Transaction

Open-Market Purchase

Approx. Value

~$95K

Trade Date

Jun 10, 2024

Company

Chatham Lodging Trust

Ticker

CLDT

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$95K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

EVP & Chief Operating Officer

Senior executives have visibility into their division's pipeline and company health. Their trades carry weight because they understand the business from the inside.

-0.7% in 90 days (S&P 500: +2.3%)

This trade underperformed the S&P 500 by 3.0 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

CD

How good is CRAVEN DENNIS M at picking stocks?

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

See track record

On June 10, 2024, CRAVEN DENNIS M — EVP & Chief Operating Officer of Chatham Lodging Trust — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$95K in Chatham Lodging Trust (CLDT) stock.

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, CLDT returned -0.7% versus +2.3% 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 Very Strong
Trade size ~$95K
Insider role EVP & Chief Operating Officer
90-day return -0.7%
vs S&P 500 -3.0%

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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