MAGIC MEDIA NETWORKS INC (MGCN) is a publicly traded company in the Unknown sector. Across all available filings, 2 corporate insiders have executed 22 transactions totaling $202.3K, demonstrating a bearish sentiment with -$202.3K in net insider flow. The most recent transaction on Sep 6, 2006 involved a transaction of 1,300,000 shares valued at $117.0K.
No significant insider buying has been recorded for MGCN in the recent period.
No significant insider selling has been recorded for MGCN in the recent period.
Based on recent SEC filings, insider sentiment for MGCN is bearish with an Insider Alignment Score of 0/100 and a net flow of -$202.3K. Insiders are reducing their positions, though this can be driven by factors unrelated to company outlook.
Insider trading at MAGIC MEDIA NETWORKS INC (MGCN) refers to stock transactions made by corporate insiders—executives, directors, and beneficial owners holding more than 10% of the company's shares. These individuals have access to material non-public information and are required by law to report their trades to the SEC within two business days. Currently, 2 insiders are actively trading MGCN stock, having executed 22 transactions in the past 90 days. The most active insider is Gordon Scott Venters (Executive), who has made 9 transactions totaling $299.8K.
Get notified when executives and directors at MGCN file new Form 4 transactions
Date | Insider | Title | Type | Shares | Price | Value | Flags |
|---|---|---|---|---|---|---|---|
| Sep 6, 2006 | Scott Venters Gordon | Executive | Award | 1,300,000 | $0.09 | $117.0K | |
| May 18, 2006 | Scott Venters Gordon | Executive | Sale | 800,000 | $0.20 | $160.0K | |
| May 16, 2006 | W. Nugent Todd | Executive | Sale | 5,000 | $0.26 | $1.3K | |
| May 16, 2006 | W. Nugent Todd | Executive | Sale | 25,000 | $0.28 | $7.0K | |
| May 15, 2006 | W. Nugent Todd | Executive | Sale | 10,000 | $0.24 | $2.4K | |
| May 15, 2006 | W. Nugent Todd | Executive | Sale | 10,000 | $0.27 | $2.7K | |
| Feb 28, 2006 | W. Nugent Todd | Executive | Award | 50,000 | $N/A | $0 | |
| Feb 7, 2006 | Scott Venters Gordon | Executive | Sale | 30,000 | $0.11 | $3.3K | |
| Feb 7, 2006 | Scott Venters Gordon | Executive | Sale | 20,000 | $0.12 | $2.4K | |
| Jan 24, 2006 | Scott Venters Gordon | Executive | Sale | 30,000 | $0.11 | $3.3K | |
| Jan 24, 2006 | Scott Venters Gordon | Executive | Sale | 20,000 | $0.12 | $2.4K | |
| Jan 17, 2006 | Scott Venters Gordon | Executive | Sale | 40,000 | $0.12 | $4.8K | |
| Apr 22, 2005 | W. Nugent Todd | Executive | Sale | 1,000 | $0.11 | $110 | |
| Apr 22, 2005 | W. Nugent Todd | Executive | Sale | 4,000 | $0.11 | $440 | |
| Apr 21, 2005 | W. Nugent Todd | Executive | Sale | 10,000 | $0.12 | $1.2K |
| TYPE | COUNT | VALUE | % |
|---|---|---|---|
Sale(S) | 20 | $202.3K | 63.4% |
Award(A) | 2 | $117.0K | 36.6% |
Insider selling pressure at MAGIC MEDIA NETWORKS INC has increased, with 2 insiders executing 22 transactions across all time. Total sales of $202.3K significantly outpace purchases of $0, resulting in a net outflow of $202.3K. This selling activity appears largely discretionary, which may warrant closer attention from investors.