Stock Trading Canary

Snapshot date: 2026-10-18 · Built: 2026-10-19T15:36:40+00:00 · Publication status: PASS

← Europe ranking · 中文

COMPANY RESEARCH

Excellence Spółka Akcyjna

EXC.WA · Poland · Consumer Defensive · Confectioners

INSIDER SIGNAL

Insider activity score：39.9 / 100

1 insiders · 7 purchase events · €114k net purchases

Europe #1179 · Poland #26

WHY THIS SIGNAL?

Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+10.5 / 35

How many distinct insiders bought in the cluster

Purchase size+18.9 / 25

Purchase value relative to company size and liquidity

Role+20.0 / 20

The seniority and relevance of participating insiders

Recency+0.5 / 10

How recently the purchases occurred

Conviction+10.0 / 10

How clearly buying stands out from other activity

What is holding the score back?

  • ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
  • ⚠ Purchase activity is becoming less recent
  • ✓ Strong insider role · ceo/chair involved

The role contribution uses the inverted role input of the current European model.

BUYING PROFILE

7 events · 1 insiders · 180d

Cluster 0%Repeat 100%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

100%

Largest buyer：Marcin Ciecierski · 499k PLN
Gross qualified purchase transaction-line value：499k PLN

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)

FilerPrice per unitTrade date
Marcin Ciecierski0.5135 PLNSep 4, 2026
Marcin Ciecierski0.67 PLNAug 14, 2026
Marcin Ciecierski0.4357 PLNJun 8, 2026
Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count)
1 distinct reported filers
Peak time window
2026-06-08 to 2026-06-12
Current breadth input
0.300 (capped at 4+ buyers)
Buyer independence
Not yet measured; related-party fields are not cross-market comparable

What the filings show

Insider vs stock price

No daily prices and volumes have been captured for this stock yet.

Insider timeline

One insider bought, 7 times, the latest (4 Sep).

Marcin CiecierskiMarcin CiecierskiPrzewodniczący Rady NadzorczejCEO / chair2026-06-08 · Marcin Ciecierski · purchase · 199,331 PLN2026-06-12 · Marcin Ciecierski · purchase · 100,450 PLN2026-06-30 · Marcin Ciecierski · purchase · 77,200 PLN2026-07-01 · Marcin Ciecierski · purchase · 22,332 PLN2026-07-08 · Marcin Ciecierski · purchase · 49,850 PLN2026-08-14 · Marcin Ciecierski · purchase · 36,850 PLN2026-09-04 · Marcin Ciecierski · purchase · 12,837 PLN2026-04-20 to 2026-04-26: 136 companies2026-04-27 to 2026-05-03: 203 companies2026-05-04 to 2026-05-10: 241 companies2026-05-11 to 2026-05-17: 211 companies2026-05-18 to 2026-05-24: 244 companies2026-05-25 to 2026-05-31: 237 companies2026-06-01 to 2026-06-07: 243 companies2026-06-08 to 2026-06-14: 237 companies2026-06-15 to 2026-06-21: 211 companies2026-06-22 to 2026-06-28: 185 companies2026-06-29 to 2026-07-05: 192 companies2026-07-06 to 2026-07-12: 160 companies2026-07-13 to 2026-07-19: 181 companies2026-07-20 to 2026-07-26: 167 companies2026-07-27 to 2026-08-02: 160 companies2026-08-03 to 2026-08-09: 152 companies2026-08-10 to 2026-08-16: 164 companies2026-08-17 to 2026-08-23: 194 companies2026-08-24 to 2026-08-30: 182 companies2026-08-31 to 2026-09-06: 188 companies2026-09-07 to 2026-09-13: 178 companies2026-09-14 to 2026-09-20: 173 companies2026-09-21 to 2026-09-27: 179 companies2026-09-28 to 2026-10-04: 183 companies2026-10-05 to 2026-10-11: 166 companies2026-10-12 to 2026-10-18: 138 companiesCompanies disclosing purchases, per weekMayJunJulAugSepOct

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.

▂Grey bars: companies across Europe disclosing purchases each week

A taller bar is a week in which more companies disclosed insider purchases.

This company: insiders buying per month, last 12 months

Nov
Dec
Jan
Feb
Mar
Apr
May
1Jun
1Jul
1Aug
1Sep
Oct

Darker bars are inside the 180-day window above.

Who traded

InsiderRolePurchasesSalesBoughtFirst purchaseShare price sinceEarlier purchases
Marcin CiecierskiCEO / chair7—498.9k PLN2026-06-08—5 completed, median −20.9% against peers after 60 sessions
Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

FactorWeightThis company inputPoint contribution
15-day buyer breadth (count)35%0.30010.5
Qualified-buy size25%0.75518.9
Role informativeness (inverted)20%0.0000.0
Recency10%0.0510.5
Buy/sell conviction10%1.00010.0

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 (senior executive buying); short sellers were checked and none crosses a bear threshold. No data is held for: share price and trading, company results, company actions.

  • The insider purchases themselvesBullsenior executive buying Bearone buyer only, buyer's past purchases trailed the benchmark5 checked, under the threshold · 2 missing
  • Share price and tradingno data held
  • Short sellers1 checked, under the threshold
  • Company results2 missing
  • Company actionsno data held

Bull case · the buying is informative

  • 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%).

Bear case · discount it

  • Only one insider bought. A single purchase can reflect that person's own finances rather than a view on the company.Record: after 4,732 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−3.3%).
  • The 5 earlier purchases by Marcin Ciecierski trailed WIG20 total-return ETF proxy by a median 21% over the following 60 trading days.

Evidence still missing

  • 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.
  • European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 7 purchase lines mentions a plan, but a bare “Nabycie” does not rule one out.
  • 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: 6
  • Either1 insider bought in the last 180 days and 0 in the 180 days before. Bull when the number at least doubles and rises by two; bear when at least two bought before and no more buy now.
  • Bear0 of 1 buyer filed as a person closely associated with a manager. Counted for the bear side from half.
  • EitherNet purchases of €114k in 180 days. Bull from €1.0M, bear when all purchases total under €25k.
  • BearNo insider sale is recorded in the same 180 days.
  • EitherThe latest purchase is 43 days old. Bull up to 14 days, bear from 90.
  • BearThe register of KNF shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Signal history

39.9 / 100

Latest recorded score

↓ -4.5 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.

  • Recency-4.5 pts

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

02550751002026-08-26 · 40.22026-08-27 · 40.22026-08-28 · 43.12026-08-31 · 42.42026-09-01 · 42.22026-09-02 · 42.02026-09-03 · 41.82026-09-04 · 41.72026-09-07 · 47.52026-09-08 · 47.02026-09-09 · 46.52026-09-10 · 46.02026-09-11 · 40.82026-09-14 · 44.42026-09-23 · 42.12026-09-24 · 41.92026-09-25 · 41.72026-09-28 · 41.32026-09-29 · 41.12026-09-30 · 41.02026-10-01 · 40.92026-10-02 · 40.82026-10-03 · 40.82026-10-04 · 40.82026-10-05 · 40.52026-10-06 · 40.52026-10-07 · 40.42026-10-08 · 40.32026-10-09 · 40.32026-10-12 · 40.12026-10-13 · 40.02026-10-14 · 40.02026-10-15 · 40.02026-10-16 · 39.92026-10-18 · 39.9Aug 26Sep 07Sep 28Oct 07Oct 18

Recent recorded points

  1. 40.2
  2. 47.5
  3. 41.3
  4. 40.4
  5. 39.9
View all recorded scores
Snapshot dateSignal score
2026-08-2640.2
2026-08-2740.2
2026-08-2843.1
2026-08-3142.4
2026-09-0142.2
2026-09-0242.0
2026-09-0341.8
2026-09-0441.7
2026-09-0747.5
2026-09-0847.0
2026-09-0946.5
2026-09-1046.0
2026-09-1140.8
2026-09-1444.4
2026-09-2342.1
2026-09-2441.9
2026-09-2541.7
2026-09-2841.3
2026-09-2941.1
2026-09-3041.0
2026-10-0140.9
2026-10-0240.8
2026-10-0340.8
2026-10-0440.8
2026-10-0540.5
2026-10-0640.5
2026-10-0740.4
2026-10-0840.3
2026-10-0940.3
2026-10-1240.1
2026-10-1340.0
2026-10-1440.0
2026-10-1540.0
2026-10-1639.9
2026-10-1839.9

Sector context

Consumer Defensive

Buying breadth
11.6% (29 / 249 issuers)
Sector rank
#2 / 12
7D breadth change
-1.2 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.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

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.

Marcin CiecierskiPrzewodniczacy Rady Nadzorczej | Przewodniczący Rady Nadzorczej7 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D7Developing evidence100.0% (7/7)28.6% (2/7)-3.5%-0.8%-11.3%
20D7Developing evidence100.0% (7/7)71.4% (5/7)+15.5%+19.4%-16.6%
60D5Developing evidence100.0% (5/5)40.0% (2/5)-20.9%-7.6%-22.0%
120D0No dataAwaiting maturity————
First purchase in 12M
0/6
Large purchase ≥ €100k
0/7
Cluster buying · 15D
0/7
Buying the dip · ≥20% below prior 52W high
3/7
Routine / opportunistic
Not classifiable

Market context

No price, valuation or fundamentals have been captured for this stock yet.

Disclosed net short positions

The KNF register, read 18 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.

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 daily prices have been captured for this stock yet.

Buying size vs market trading

Complete price and volume history is not yet available.

Market-data coverage: 0 verified sessions · Latest session: — · Ratio status: Unavailable

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

Unfold all 7 filings

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

7 qualifying purchase disclosure(s) · 7 transaction line(s)

Sep 4, 2026Nabycie
Marcin Ciecierski · Przewodniczący Rady Nadzorczej
akcje · 25000.0 shares × 0.5135 PLN · —
Open filing
Aug 14, 2026Nabycie
Marcin Ciecierski · Przewodniczący Rady Nadzorczej
akcje · 55000.0 shares × 0.67 PLN · —
Open filing
Jul 8, 2026Nabycie
Marcin Ciecierski · Przewodniczący Rady Nadzorczej
akcje · 98285.0 shares × 0.5072 PLN · —
Open filing
Unfold all 4 remaining filing row(s)
Transaction datePublishedFilerRoleTransactionInstrumentPrice (local currency)Quote currencyVolumeSource
2026-07-012026-07-01Marcin CiecierskiPrzewodniczacy Rady NadzorczejNabycieakcje0.5136 PLNPLN43482.0Open filing
2026-06-302026-06-30Marcin CiecierskiPrzewodniczacy Rady NadzorczejNabycieakcje0.4825 PLNPLN160000.0Open filing
2026-06-122026-06-12Marcin CiecierskiPrzewodniczacy Rady NadzorczejNabycieakcje0.407 PLNPLN246806.0Open filing
2026-06-082026-06-08Marcin CiecierskiPrzewodniczący Rady NadzorczejNabycieakcje0.4357 PLNPLN457496.0Open filing

Showing 7 of 7 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
EXC.WA
ISIN
PLEXCLN00016
Sector
Consumer Defensive
Industry
Confectioners

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