SLOANE BARRY R purchased ~$793K in Century Bancorp, Inc. stock
Century Bancorp, Inc. (CNBKA) · Chairman, CEO and President · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
-12.1%vs SPY +7.5%
Trade Details · Public SEC Filing
Insider
SLOANE BARRY R
Role
Chairman, CEO and President
Transaction
Open-Market Purchase
Approx. Value
~$793K
Trade Date
Jul 1, 2020
Company
Century Bancorp, Inc.
Ticker
CNBKASource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$793K purchase
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
Chairman, CEO and President
CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.
3 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.
-12.1% in 90 days (S&P 500: +7.5%)
This trade underperformed the S&P 500 by 19.6 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.
How good is SLOANE BARRY R at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
SLOANE BARRY R wasn't the only one buying.
3 insiders at Century Bancorp, Inc. traded within the same 30-day window.
See who else bought · FreeOn July 1, 2020, SLOANE BARRY R — Chairman, CEO and President of Century Bancorp, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$793K in Century Bancorp, Inc. (CNBKA) stock.
This transaction was part of a cluster — 3 insiders at Century Bancorp, 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, CNBKA returned -12.1% versus +7.5% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
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.
At a Glance
More CNBKA Insider Activity
SLOANE BARRY R
Oct 1, 2021
~$56K
VS
SLOANE BARRY R
Sep 2, 2021
~$57K
VS
SLOANE BARRY R
Aug 6, 2021
~$3K
STRONG
SLOANE BARRY R
May 14, 2021
~$4K
STRONG
How to Read Insider Trades
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.
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