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Insider Buy Cluster Buy April 11, 2024

Mahajan Manmohan purchased ~$798K in Walgreens Boots Alliance, Inc. stock

Walgreens Boots Alliance, Inc. (WBA)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-36.9%
WBA price after insider trade by Mahajan Manmohan

Insider

Mahajan Manmohan

Role

Transaction

Open-Market Purchase

Approx. Value

~$798K

Trade Date

Apr 11, 2024

Company

Walgreens Boots Alliance, Inc.

Ticker

WBA

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$798K purchase

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

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.

-36.9% in 90 days

Measured from trade date to 90 days later. We track the performance of every insider trade to identify which insiders consistently make profitable moves.

MM

How good is Mahajan Manmohan at picking stocks?

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

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2

Mahajan Manmohan wasn't the only one buying.

2 insiders at Walgreens Boots Alliance, Inc. traded within the same 30-day window.

See who else bought · Free

On April 11, 2024, Mahajan Manmohan — a corporate insider at Walgreens Boots Alliance, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$798K in Walgreens Boots Alliance, Inc. (WBA) stock.

This transaction was part of a cluster — 2 insiders at Walgreens Boots Alliance, 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, WBA returned -36.9%

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 ~$798K
Insider role Insider
Cluster 2 insiders
90-day return -36.9%

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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