Insider Sale Insider Sale May 26, 2023

Eifler Robert W. sold ~$3.0M in Noble Corporation Plc stock

Noble Corporation Plc (NE)  ·  President & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+25.4%

vs SPY +4.4%

NE price after insider trade by Eifler Robert W.

Insider

Eifler Robert W.

Role

President & CEO

Transaction

Open-Market Sale

Approx. Value

~$3.0M

Trade Date

May 26, 2023

Company

Noble Corporation Plc

Ticker

NE

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$3.0M sale

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

President & CEO

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

2 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.

+25.4% in 90 days (S&P 500: +4.4%)

This trade beat the S&P 500 by 21.0 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

ER

How good is Eifler Robert W. at picking stocks?

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

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2

Eifler Robert W. wasn't the only one selling.

2 insiders at Noble Corporation Plc traded within the same 30-day window.

See who else bought · Free

On May 26, 2023, Eifler Robert W. — President & CEO of Noble Corporation Plc — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$3.0M in Noble Corporation Plc (NE) stock.

This transaction was part of a cluster — 2 insiders at Noble Corporation Plc made open-market sales 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, NE returned +25.4% versus +4.4% 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 ~$3.0M
Insider role President & CEO
Cluster 2 insiders
90-day return +25.4%
vs S&P 500 +21.0%

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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