Insider Cluster (3 insiders) ·Filed May 19, 2026

ELAN

Elanco Animal Health Inc
BULLISH
Impact 4/10
Horizonweeks Processed4mo ago
Insider cluster: 2 insiders, $200K total
Actionable Insight ▲ Bullish

The CEO's personal purchase is a modest bullish signal, but the dollar amount is trivial relative to market cap. Monitor for any upcoming earnings or material announcements that may have prompted the insider buying. The historical calibration for this ticker shows poor past performance on bullish calls, so treat this as a low-conviction signal.

DirectionBullish
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
ELAN ▲ +13.64% at T+60d
LONG call ✓ call won +13.64% · α vs SPY +8.90% · entry $20.83 → $23.67
Entry anchored
May 19, 03:59 PM ET
via exchange tick
T+1d
+2.26%
call +2.26% · α +2.06%
$21.30
settled 5mo ago
T+5d
+13.74%
call +13.74% · α +12.50%
$23.69
settled 4mo ago
T+20d
+12.30%
call +12.30% · α +12.34%
$23.39
settled 4mo ago
T+60d
+13.64%
call +13.64% · α +8.90%
$23.67
settled 7w ago

Price Chart

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Executive Summary

Elanco CEO Jeffrey Simmons and another insider made open-market purchases totaling $200K on May 15, 2026, at ~$20.09-$20.35 per share. This is a small cluster relative to the $10.9B market cap (~0.002%), but the CEO's personal cash purchase is a modest positive signal. A director also received a non-cash grant of 4,678 shares on May 21, which is routine and not economically meaningful.

Key Financial Metrics

Direction
buying
Total Value
$200.0K
Insiders
3

Key Facts

  • CEO Jeffrey Simmons bought 5,000 shares for $100K at $20.09 on May 15.
  • Rajeev Modi bought 4,900 shares for $100K at $20.35 on May 15.
  • Director Art Garcia received a non-cash grant of 4,678 shares on May 21.
  • Total cluster value of $200K is ~0.002% of $10.9B market cap.
  • Prior insider activity (30d) included 2 buys totaling $200K, consistent with this pattern.

Financial Impact

CEO and insider open-market purchases totaling $200K, representing ~0.002% of market cap.

insider ownership

Risk Factors

  • Historical reports on ELAN have underperformed, with avg T+20 alpha of -2.57% and 0% win rate.
  • The cluster size is too small to be economically meaningful for a $10.9B company.
  • No other material cross-filings (earnings, M&A, offerings) were provided to amplify the signal.

Market Snapshot

Exchange
NYSE
Sector
Pharmaceutical Preparations
Analyst Consensus
91% bullish (23 analysts)

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ELAN-1779828189779
13 reports for ELAN
Performance horizon
75% Hit rate 6 of 8 directional calls best @ T+5▲ +15.03%May 19, 2026
Filters
Rows
Reports for ELAN — sortable, filterable
TypeNow
Sep 11, 2026
21d ago
Press Release
BULLISH ★ 6/10
$23.17 $22.42▼ −3.24%▼ −3.02%$22.14 (−4.45%)
Aug 21, 2026
6w ago
Insider Cluster
BULLISH ★ 6/10
$23.97 $24.11▲ +0.58%▲ +0.11%$22.14 (−7.63%)
Aug 21, 2026
6w ago
Insider Cluster
BULLISH ★ 4/10
$23.97 $24.11▲ +0.58%▲ +0.11%$22.14 (−7.63%)
Aug 18, 2026
6w ago
Insider Cluster
BULLISH ★ 4/10
$23.63 $25.09▲ +6.19%▲ +6.39%$22.14 (−6.30%)
Aug 13, 2026
7w ago
Insider Cluster
BULLISH ★ 4/10
$22.51 $23.56▲ +4.66%▲ +6.63%$22.14 (−1.64%)
Aug 10, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$22.73 $23.64▲ +4.00%▲ +4.41%$22.14 (−2.60%)
Aug 5, 2026
8w ago
8-K
BULLISH ★ 7/10
$26.22 $22.04▼ −15.95%▼ −16.30%$22.14 (−15.56%)
Jun 29, 2026
13w ago
Court Ruling
NEUTRAL ★ 2/10
$24.74 $25.13▲ +1.58%▲ +0.19%$22.14 (−10.51%)
May 19, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$23.61 $24.58▲ +4.11%▲ +3.64%$22.14 (−6.22%)
May 19, 2026
19w ago
Insider Cluster
BULLISH ★ 4/10
$20.83 $23.69▲ +13.74%▲ +12.50%$22.14 (+6.30%)
Showing 10 of 13

US Market Status

Market Closed — Opens Mon (64h 1m)

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Report published May 26, 2026