Syndax Pharmaceuticals Inc [SNDX]
📈 Bullish Insider Activity Detected
Metzger Michael A, serving as Director and Officer, purchased 157,307 shares of SNDX at a price of $10.90, amounting to a total trade value of $1,714,646.30. This transaction is likely a bullish signal given the substantial investment and the current share price of $16.37, which reflects significant appreciation.
👤 Insider Profile Summary: Metzger Michael A
Company: Syndax Pharmaceuticals (SNDX)
Role: Director, Officer
💹 Trading Performance
Metzger Michael A has demonstrated a strong trading performance with recent trades showing significant positive outcomes. A notable trade was made at a purchase price of $10.9, with the current price at $16.37, reflecting a lucrative gain.
📊 Past Performance Metrics
- Number of Profitable Trades: 5 out of 6 trades
- Win Rate: 83.3%
- Behavior Trend: Predominantly buying
📈 Recent Trade Analysis
- 30-Day Return: 31.17%
- 60-Day Return: 66.7%
- 90-Day Return: 45.64%
👥 Cluster Activity and Executive Trading
There is no significant cluster activity observed recently. However, neither the CEO nor the CFO have engaged in recent trades.
📊 Historical Performance Summary
- 1 Day After Purchase: -3.93%
- 3 Days After Purchase: -3.93%
- 7 Days After Purchase: 0.24%
- 14 Days After Purchase: 4.53%
- 30 Days After Purchase: 31.17%
- 60 Days After Purchase: 66.7%
- 90 Days After Purchase: 45.64%
- 180 Days After Purchase: 24.77%
- 1 Year After Purchase: -14.29%
📈 Average Return and Holding Time
Average Return: 16.76%
Average Holding Time: 114 days
💡 Profitability and Trade Size Comparison
Consistent Profitability: The trades were generally profitable with significant returns noted at 30 and 60 days.
Trade Size Comparison: The current trade size is substantial compared to past trades by the same insider.
🔎 Conclusion
The insider's past trades have been mostly profitable, particularly in the short to mid-term periods, though there was a notable decline over the 1-year mark. The current trade size is significant, suggesting a strong signal of confidence. This pattern may suggest optimism for short to mid-term appreciation.
🔎 Conviction Score: Medium
The insider trade by Metzger Michael A, who is a Director and Officer, shows a significant purchase size executed in the open market. This indicates a strong personal financial commitment, suggesting confidence in the company's future performance. However, the absence of cluster activity limits the strength of this signal.
📋 Factors Considered
- Role: Director and Officer, which is significant but not as influential as a CEO/CFO.
- Purchase Type: Open market, indicating a personal financial investment.
- Size of Purchase: 157,307 shares, a substantial purchase that reflects strong conviction.
- Ownership Type: Direct, implying personal stake and potential alignment with shareholder interests.
- Cluster Activity: No, limiting the collective confidence signal.
Overall, while the trade suggests a personal vote of confidence in the company's prospects, the lack of additional insider activity tempers the conviction to medium.
📈 AI Conviction Analysis: Bullish
The insider trade by Metzger Michael A., involving the purchase of 157,307 shares at $10.9, is interpreted as bullish given its alignment with a 30-day return of 31.17% and a 60-day return of 66.7%. Historically, Metzger's trades have shown a strong win rate, suggesting a keen insight into timing and market conditions. This transaction size appears significant but not an outlier for Metzger, indicating confidence without excessive risk. With the current price at $16.37 and timing aligned near recent recovery highs, this move likely precedes a material upward trend, capitalizing on recent momentum and mitigating prior year losses of -14.29%.
📝 Actionable Note
Director and Officer Metzger Michael A's purchase of 157,307 shares at $10.90 is a bullish signal that often precedes momentum, and it's worth watching for both short-term and mid-term entries given the 31.17% 30-day return.