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Insiders are individuals that have access to non-public information about a company; they are usually directors, key employees, large shareholders... Their activity (Buy and sell transactions), which is made available to the SEC within few days, is watched and followed by individuals and institutional investors.
A high selling volume made by insiders is considered by many traders to be a bearish sign, while a high buying volume is considered as a bullish sign. Insider selling volume is usually not considered as reliable as insider buying volume, and this is because there are many personal reasons that may force insiders (Key employees, directors...) to sell stock shares.
This object downloads a list of stocks with recent insider buying activity and another list of stocks with recent insider selling activity. Each one of these stocks gets a value of one on the current trading bar and on the "insider_buying" or "insider_selling" field of the "finviz" database, which is automatically created the first time you run this downloader.
Here are two other trading objects related to Insider Data: Insider trading data parses an RSS feed and inserts data in a database with three columns: Transaction date, title and link.
The second object is a much more interesting object. It downloads historical insider data, which goes back to 2007, for all US companies. The data contains several fields, including: Transaction date, number of shares in the transaction, average price per share, whether the insider is a director or not, total number of shares owned by the insider...
This data can be downloaded using Insider Trading Data.
