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Insider Buy CEO Buy September 23, 2022

Priest Jeffrey W purchased ~$17K in General American Investors Company, Inc. stock

General American Investors Company, Inc. (GAM)  ·  President & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+8.3%

vs SPY +3.9%

GAM price after insider trade by Priest Jeffrey W

Insider

Priest Jeffrey W

Role

President & CEO

Transaction

Open-Market Purchase

Approx. Value

~$17K

Trade Date

Sep 23, 2022

Company

General American Investors Company, Inc.

Ticker

GAM

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$17K purchase

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

President & CEO

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

+8.3% in 90 days (S&P 500: +3.9%)

This trade beat the S&P 500 by 4.3 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

PJ

How good is Priest Jeffrey W at picking stocks?

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

See track record

On September 23, 2022, Priest Jeffrey W — President & CEO of General American Investors Company, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$17K in General American Investors Company, Inc. (GAM) 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, GAM returned +8.3% versus +3.9% 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 ~$17K
Insider role President & CEO
90-day return +8.3%
vs S&P 500 +4.3%

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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