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Insider Buy CEO Buy New Position May 28, 2021

Broderick Michael T purchased ~$622K in Monro, Inc. stock

Monro, Inc. (MNRO)  ·  CEO & President  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-10.8%

vs SPY +6.6%

MNRO price after insider trade by Broderick Michael T

Insider

Broderick Michael T

Role

CEO & President

Transaction

Open-Market Purchase

Approx. Value

~$622K

Trade Date

May 28, 2021

Company

Monro, Inc.

Ticker

MNRO

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$622K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

CEO & President

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

-10.8% in 90 days (S&P 500: +6.6%)

This trade underperformed the S&P 500 by 17.4 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

BM

How good is Broderick Michael T at picking stocks?

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

See track record

On May 28, 2021, Broderick Michael T — CEO & President of Monro, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$622K in Monro, Inc. (MNRO) 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, MNRO returned -10.8% versus +6.6% 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 ~$622K
Insider role CEO & President
90-day return -10.8%
vs S&P 500 -17.4%

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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