| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 19Developing evidence | 100.0% (19/19) | 78.9% (15/19) | +0.6% | +1.3% | -2.5% |
| 20D | 12Developing evidence | 100.0% (12/12) | 75.0% (9/12) | +1.0% | +1.2% | -1.4% |
| 60D | 3Small sample | 100.0% (3/3) | 100.0% (3/3) | +5.1% | +5.1% | +5.0% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
COMPANY RESEARCH
CANAL+ SA
CAN.L · France · Communication Services · Entertainment
INSIDER SIGNAL
Insider activity score：74.7 / 100
8 insiders · 11 purchase events · €23.33m net purchases
Europe #20 · France #5
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+35.0 / 35
How many distinct insiders bought in the cluster
Purchase size+25.0 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+4.7 / 10
How recently the purchases occurred
Conviction+10.0 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Purchase activity is becoming less recent
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · ceo/chair involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
99%
Largest buyer：HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · 23.23m EUR
Gross qualified purchase transaction-line value：23.35m EUR
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré | 2.1812 EUR | Oct 6, 2026 |
| HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré | — | Oct 5, 2026 |
| Philippe Bénacin | 3 EUR | Jul 31, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 4 distinct reported filers
- Peak time window
- 2026-07-24 to 2026-07-31
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · 23.23m EUR · Price 2.1812 EUR · Oct 6, 2026 - 🟢 Eligible purchase
HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · 0 EUR · Price — · Oct 5, 2026 - 🟢 Large eligible purchase
Philippe Bénacin · 75k EUR · Price 3 EUR · Jul 31, 2026 - 🟡 8 remaining qualified transaction line(s) across 8 disclosure(s)
Insider vs stock price
7 purchase day(s), 11 purchase line(s) in the 180-day window.
Daily close (GBp)Day with an insider purchaseTwo or more insiders the same day
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-07-14 | 2 | 1,030 +3.0% | 1,011 +1.1% | +19 +1.9 pts |
| 2026-08-04 | 3 | 926 −7.4% | 986 −1.4% | −60 −6.0 pts |
| 2026-08-05 | 1 | 922 −7.8% | 992 −0.8% | −70 −7.0 pts |
| 2026-08-17 | 1 | 919 −8.1% | 987 −1.3% | −67 −6.7 pts |
| 2026-10-08 | 2 | 1,082 +8.2% | 1,006 +0.6% | +75 +7.5 pts |
| 2026-10-09 | 1 | 1,069 +6.9% | 1,000 +0.0% | +69 +6.9 pts |
3 of 6 disclosure day(s) ended ahead of the median peer stock.
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (84 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
4 insiders bought within 8 days, 24 Jul to 31 Jul: 3 Management board, 1 Supervisory board. 3 more bought afterwards. The share closed at 234.20 on the first of those days and at 246.20 most recently (+5.1%). That week 167 companies across Europe disclosed insider purchases, an ordinary week (19 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount. A filing that states no amount gets the smallest dot.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 24 Jul – 31 Jul, with 4 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, +3.8% over these six months
The closing price of each day, from 237.20 on 2026-04-21 to 246.20 on 2026-10-16. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, +2.7%
Taken from the 491 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +3.8%, the typical one +2.7%, 1.1 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 167 companies, number 19 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
5Jul
1Aug
Sep
2Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Amandine Ferré | Management board | 2 | — | 21.6k EUR | 2026-07-09 | −0.2% | fewer than 5 completed |
| Anna Marsh | Management board | 1 | — | 20.9k EUR | 2026-07-09 | −0.2% | fewer than 5 completed |
| David Mignot | Management board | 1 | — | — | 2026-07-31 | −6.4% | fewer than 5 completed |
| Maxime Saada | Management board | 1 | — | — | 2026-07-31 | −6.4% | fewer than 5 completed |
| Philippe Bénacin | Supervisory board | 1 | — | 75.0k EUR | 2026-07-31 | −6.4% | fewer than 5 completed |
| HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré | Supervisory board | 3 | — | 23.2M EUR | 2026-10-02 | +16.6% | fewer than 5 completed |
| Xavier Mayer | Supervisory board | 1 | — | — | 2026-10-02 | +16.6% | fewer than 5 completed |
| Elias Masilela personne liée à BuMa Investment Holding | Role not classified | 1 | — | — | 2026-08-13 | −7.9% | fewer than 5 completed |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 1.000 | 25.0 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.467 | 4.7 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13, neither column has changed. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, more buyers than usual here, large purchases, senior executive buying, bought in the last two weeks); share price and trading, short sellers were checked and none crosses a bear threshold. No data is held for: company results.
- The insider purchases themselvesBullseveral insiders together, more buyers than usual here, large purchases, senior executive buying, bought in the last two weeks Bearvalue concentrated in one buyer2 checked, under the threshold · 2 missing
- Share price and trading2 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results2 missing
- Company actionsBearsubscription to new shares
Bull case · the buying is informative
- 4 insiders bought within 15 days (2026-07-24 to 2026-07-31). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- No insider bought in the 180 days before this window; 8 have bought in it. The buying is new for this company, not a habit.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
- Insiders committed a net €23.3M of their own money in 180 days.
- The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,797 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
- The latest purchase is 11 days old (2026-10-06). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Company actions2 of 11 purchase lines are subscriptions to newly issued shares (“Souscription”), bought from the company at an issue price and not in the market. Insiders often take part to support a financing.
- HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré accounts for 99% of the value bought. The other 7 buyers add names more than money.Record: after 3,396 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- The company's market value is not captured, so the purchases cannot be stated as a share of the business or of its trading volume.
- No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 5
- Bear0 of 8 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed +4.9% over six months (three months +5.8%, one month −3.7%) and stands 25% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +5.8% and the median of 122 Communication Services companies changed −1.7%: ahead by 8 points. Counted for the bear side from 20 points behind.
- BearPublished net short positions total 0.59% of the share capital. Counted for the bear side from 2%. Unchanged since 2026-10-02.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
74.7 / 100
Latest recorded score
↑ +3.0 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
- Recorded snapshots
- 35
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Purchase size+6.4 pts
- Role+7.0 pts
- Recency+3.6 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 75.3
- 72.4
- 71.0
- 70.8
- 74.7
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 75.3 |
| 2026-08-27 | 75.3 |
| 2026-08-28 | 74.1 |
| 2026-08-31 | 73.5 |
| 2026-09-01 | 73.3 |
| 2026-09-02 | 73.1 |
| 2026-09-03 | 72.9 |
| 2026-09-04 | 72.8 |
| 2026-09-07 | 72.4 |
| 2026-09-08 | 72.2 |
| 2026-09-09 | 72.1 |
| 2026-09-10 | 72.0 |
| 2026-09-11 | 71.9 |
| 2026-09-14 | 71.7 |
| 2026-09-23 | 71.2 |
| 2026-09-24 | 71.1 |
| 2026-09-25 | 71.1 |
| 2026-09-28 | 71.0 |
| 2026-09-29 | 71.0 |
| 2026-09-30 | 71.0 |
| 2026-10-01 | 70.9 |
| 2026-10-02 | 70.9 |
| 2026-10-03 | 70.9 |
| 2026-10-04 | 70.9 |
| 2026-10-05 | 70.9 |
| 2026-10-06 | 70.8 |
| 2026-10-07 | 70.8 |
| 2026-10-08 | 70.8 |
| 2026-10-09 | 69.8 |
| 2026-10-12 | 76.6 |
| 2026-10-13 | 76.2 |
| 2026-10-14 | 75.7 |
| 2026-10-15 | 75.4 |
| 2026-10-16 | 75.0 |
| 2026-10-18 | 74.7 |
Sector context
- Buying breadth
- 10.0% (25 / 249 issuers)
- Sector rank
- #3 / 12
- 7D breadth change
- -0.8 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − CAC 40 return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | -0.1% | -0.1% | -0.3% |
| 20D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +6.0% | +6.0% | +3.6% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +1.0% | +1.0% | +1.0% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 2Small sample | 100.0% (2/2) | 0.0% (0/2) | -1.1% | -1.1% | -1.8% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +4.9% | +4.9% | +4.9% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 43.0%
- Beta
- —
- Avg daily volume
- £1.3M
VALUATION
- Market cap
- —
- P/E
- —
FUNDAMENTALS
- Profit margin
- -2.3%
- ROE
- -3.1%
- Industry
- —
Prices to 18 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). From the company's annual report ↗, fiscal year ended 31 Dec 2024: Profit margin, ROE. It does not affect the insider score or rank.
Disclosed net short positions
- Aggregate net short
- 0.59%
- Latest position date
- 02 Oct 2026
The FCA publishes one aggregate figure per issuer, the sum of all positions notified to it, and does not name the holders. Source: FCA · read 18 Oct 2026
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
No purchase price could be compared with the share price (price or share count missing, another currency, or far from that day's close).
Buying size vs market trading
Some purchases lack a valid value; aggregate ratio withheld.
Market-data coverage: 464 verified sessions · Latest session: 2026-10-16 · Ratio status: Unavailable
Recent and largest purchase events / preceding 60-session ADTV
- Oct 06 · HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · Président du Conseil de Surveillance de Canal+23,233,165 EUR · —Purchase and market currencies differ; ratio withheld.
- Oct 05 · HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · Président du Conseil de Surveillance de Canal+— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 02 · HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · Président du Conseil de Surveillance de Canal+— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 02 · Xavier Mayer · Membre du Conseil de surveillance— · —Some purchases lack a valid value; aggregate ratio withheld.
- Aug 13 · Elias Masilela personne liée à BuMa Investment Holding · Représentant légal— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jul 31 · David Mignot · Membre du Directoire— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jul 31 · Philippe Bénacin · Membre du Conseil de surveillance75,000 EUR · —Purchase and market currencies differ; ratio withheld.
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
The filing records held for this company carry no link to the original notice.
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
11 qualifying purchase disclosure(s) · 11 transaction line(s)
Oct 6, 2026Acquisition
HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · Président du Conseil de Surveillance de Canal+
Action · 10651552.0000 shares × 2.1812 EUR · —
Oct 5, 2026Acquisition
HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré · Président du Conseil de Surveillance de Canal+
Action · 363042.0000 shares × — · —
Oct 2, 2026Acquisition
Xavier Mayer · Membre du Conseil de surveillance
Action · 1250.0000 shares × — · —
Unfold all 8 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-10-02 | 2026-10-08 | HAVAS SAS Société par actions simplifiée personne morale liée à Yannick Bolloré | Président du Conseil de Surveillance de Canal+ | Acquisition | Action | — | EUR | 1013601.0000 | — |
| 2026-08-13 | 2026-08-17 | Elias Masilela personne liée à BuMa Investment Holding | Représentant légal | Acquisition | Action | — | EUR | 5000.0000 | — |
| 2026-07-31 | 2026-08-05 | Philippe Bénacin | Membre du Conseil de surveillance | Acquisition | Action | 3.0000 EUR | EUR | 25000.0000 | — |
| 2026-07-31 | 2026-08-04 | David Mignot | Membre du Directoire | Acquisition | Action | 0.0000 EUR | EUR | 140351.0000 | — |
| 2026-07-31 | 2026-08-04 | Maxime Saada | Membre du Directoire | Acquisition | Action | 0.0000 EUR | EUR | 280702.0000 | — |
| 2026-07-24 | 2026-08-04 | Amandine Ferré | Membre du Directoire | Acquisition | Action | 0.0000 EUR | EUR | 42105.0000 | — |
| 2026-07-09 | 2026-07-14 | Amandine Ferré | Membre du Directoire | Souscription | Parts du FCPE | 2.2800 EUR | EUR | 9477.4600 | — |
| 2026-07-09 | 2026-07-14 | Anna Marsh | Membre du Directoire | Souscription | Parts du FCPE | 2.2800 EUR | EUR | 9168.0000 | — |
Showing 11 of 11 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- CAN.L
- ISIN
- FR001400T0D6
- Sector
- Communication Services
- Industry
- Entertainment
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