FLO
insider transactionsFLOWERS FOODS INC — buys & sells by directors, officers and 10% owners A shareholder owning more than 10% of the company. Must report trades, but usually a weaker signal than an officer or director. (SEC Form 4).
Cluster buy signal: Multiple insiders at the same company buying around the same time — often a stronger signal than a single buy. 2 different insiders made open-market purchases in the last 365 days, totalling $129.8K.
Net shares · 365d
-410.5K
7.5K buy · 418.0K sell
Net value · 365d
-$3.8M
$129.8K in · $4.0M out
Sentiment · 365d
Net selling
3% buying · 97% selling
Open-market trades · 365d
4
7.5K buy · 418.0K sell
Net buy / sell volume
Not enough data to chart yet.
Tap or hover the chart for daily net volume. Green = net buying, red = net selling.
All transactions
-
Grant·A
Chief Brand Officer
$0
26.0K sh
Own +25%
-
Buy·P
CEO and President
$92.2K
2.5K sh · $36.90
Own +9%
-
Buy·P
Chief Financial Officer
$37.5K
5.0K sh · $7.51
Own +3%
-
Other·D
Director
$0
18.6K sh
Own -100%
-
Exercise·M
Director
$0
3.7K sh
Own +25%
-
Exercise·M
Director
$0
3.7K sh
Own +7%
-
Grant·A
Director
$0
22.3K sh
Own New
-
Grant·A
Director
$0
22.3K sh
Own New
-
Grant·A
Director
$0
22.3K sh
Own New
-
Grant·A
Director
$0
22.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own +10%
-
Grant·A
Director
$0
22.3K sh
Own New
-
Exercise·M
Director
$0
7.9K sh
Own New
-
Exercise·M
Director
$0
7.9K sh
Own New
-
Grant·A
Director
$0
22.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own +1%
-
Grant·A
Director
$0
22.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own +0%
-
Grant·A
Director
$0
22.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own +20%
-
Exercise·M
Director
$0
9.3K sh
Own New
-
Exercise·M
Director
$0
9.3K sh
Own +28%
-
Exercise·M
CEO and President
$0
9.0K sh
Own +13%
-
Other·F
CEO and President
$178.9K
4.0K sh · $44.62
Own -13%
-
Exercise·M
CEO and President
$0
9.0K sh
Own +40%
-
Sell·S
Ryals Mcmullian KEY
Chairman and CEO
$1.7M
209.0K sh · $8.03
Own -20%
-
Grant·A
CEO and President
$0
50.0K sh
Own +133%
-
Other·F
Ryals Mcmullian KEY
Chairman and CEO
$405.1K
42.0K sh · $9.65
Own -3%
-
Grant·A
Ryals Mcmullian KEY
Chairman and CEO
$0
98.9K sh
Own +8%
-
Other·F
President and COO
$69.3K
7.2K sh · $9.65
Own -6%
-
Grant·A
President and COO
$0
20.5K sh
Own +22%
-
Other·F
Chief Supply Chain Officer
$42.6K
4.4K sh · $9.65
Own -8%
-
Grant·A
Chief Supply Chain Officer
$0
10.9K sh
Own +25%
-
Other·F
Chief DSD Operations Officer
$41.9K
4.3K sh · $9.65
Own -3%
-
Grant·A
Chief DSD Operations Officer
$0
10.7K sh
Own +7%
-
Other·F
Chief Legal Counsel
$80.3K
8.3K sh · $9.65
Own -7%
-
Grant·A
Chief Legal Counsel
$0
18.7K sh
Own +19%
-
Other·F
Chief Growth Officer
$81.3K
8.4K sh · $9.65
Own -7%
-
Grant·A
Chief Growth Officer
$0
34.6K sh
Own +39%
-
Other·F
Chief Human Resources Officer
$29.6K
3.1K sh · $9.65
Own -6%
-
Grant·A
Chief Human Resources Officer
$0
12.1K sh
Own +33%
-
Other·F
Chief Brand Officer
$57.3K
5.9K sh · $9.65
Own -5%
-
Grant·A
Chief Brand Officer
$0
12.9K sh
Own +13%
-
Other·F
Chief Information Officer
$29.8K
3.1K sh · $9.65
Own -3%
-
Grant·A
Chief Information Officer
$0
11.4K sh
Own +15%
-
Exercise·M
Director
$0
4.2K sh
Own New
-
Grant·A
Director
$0
583 sh
Own +16%
-
Exercise·M
Director
$0
6.1K sh
Own New
-
Grant·A
Director
$0
799 sh
Own +15%
-
Exercise·M
Director
$0
4.2K sh
Own +6%
-
Exercise·M
Director
$0
6.1K sh
Own +10%
-
Other·F
Chief Growth Officer
$15.2K
1.5K sh · $10.32
Own -2%
-
Other·F
Chief Growth Officer
$14.1K
1.4K sh · $10.32
Own -1%
-
Other·F
Ryals Mcmullian KEY
Chairman and CEO
$117.4K
11.4K sh · $10.32
Own -1%
-
Other·F
Ryals Mcmullian KEY
Chairman and CEO
$103.8K
10.1K sh · $10.32
Own -1%
-
Other·F
President and COO
$19.4K
1.9K sh · $10.32
Own -2%
-
Other·F
President and COO
$18.0K
1.7K sh · $10.32
Own -2%
-
Other·F
Chief Supply Chain Officer
$12.4K
1.2K sh · $10.32
Own -3%
-
Other·F
Chief Supply Chain Officer
$10.9K
1.1K sh · $10.32
Own -2%
-
Other·F
Chief Legal Counsel
$22.0K
2.1K sh · $10.32
Own -2%
-
Other·F
Chief Legal Counsel
$20.4K
2.0K sh · $10.32
Own -2%
-
Other·F
Chief Strategic Projects Offic
$10.4K
1.0K sh · $10.32
Own -1%
-
Other·F
Chief Strategic Projects Offic
$9.3K
900 sh · $10.32
Own -1%
-
Other·F
Chief Human Resources Officer
$7.8K
755 sh · $10.32
Own -2%
-
Other·F
Chief Human Resources Officer
$6.6K
644 sh · $10.32
Own -2%
-
Other·F
Chief Brand Officer
$15.1K
1.5K sh · $10.32
Own -1%
-
Other·F
Chief Brand Officer
$13.1K
1.3K sh · $10.32
Own -1%
-
Other·F
Chief Information Officer
$11.3K
1.1K sh · $10.32
Own -1%
-
Other·F
Chief Information Officer
$10.2K
988 sh · $10.32
Own -1%
-
Other·F
Chief Human Resources Officer
$6.8K
663 sh · $10.32
Own -2%
-
Other·F
Chief Human Resources Officer
$5.9K
567 sh · $10.32
Own -2%
-
Grant·A
Ryals Mcmullian KEY
Chairman and CEO
$0
161.7K sh
Own +14%
-
Grant·A
Chief Supply Chain Officer
$0
20.2K sh
Own +78%
-
Grant·A
Ryals Mcmullian KEY
Chairman and CEO
$0
172.2K sh
Own +15%
-
Grant·A
President and COO
$0
49.0K sh
Own +104%
-
Grant·A
Chief Growth Officer
$0
41.8K sh
Own +84%
-
Grant·A
Chief Legal Counsel
$0
36.0K sh
Own +53%
-
Grant·A
Chief Financial Officer
$0
60.5K sh
Own +47%
-
Grant·A
Chief Strategic Projects Offic
$0
19.7K sh
Own +15%
-
Grant·A
Chief Human Resources Officer
$0
20.6K sh
Own +121%
-
Grant·A
Chief Brand Officer
$0
24.6K sh
Own +33%
-
Grant·A
Chief Information Officer
$0
20.6K sh
Own +34%
-
Sell·S
Ryals Mcmullian KEY
Chairman and CEO
$2.3M
209.0K sh · $10.87
Own -17%
-
Grant·A
Chief Financial Officer
$0
128.7K sh
Own New
-
Exercise·M
Director
$0
7.2K sh
Own New
-
Grant·A
Director
$0
1.1K sh
Own +19%
-
Exercise·M
Director
$0
7.2K sh
Own +8%
-
Grant·A
Director
$0
9.2K sh
Own New
-
Other·G
Director
$0
109.3K sh
Own -15%
-
Exercise·M
Director
$0
9.9K sh
Own New
-
Exercise·M
Director
$0
6.9K sh
Own New
-
Exercise·M
Director
$0
6.0K sh
Own New
-
Exercise·M
Director
$0
6.0K sh
Own New
-
Exercise·M
Director
$0
5.4K sh
Own New
-
Exercise·M
Director
$0
7.2K sh
Own New
-
Exercise·M
Director
$0
7.6K sh
Own New
-
Exercise·M
Director
$0
10.6K sh
Own New
-
Exercise·M
Director
$0
8.6K sh
Own New
-
Exercise·M
Director
$0
7.4K sh
Own New
-
Exercise·M
Director
$0
7.0K sh
Own New
-
Exercise·M
Director
$0
7.2K sh
Own New
-
Exercise·M
Director
$0
6.1K sh
Own New
-
Exercise·M
Director
$0
6.6K sh
Own New
-
Exercise·M
Director
$0
7.0K sh
Own New
-
Exercise·M
Director
$0
8.1K sh
Own New
-
Exercise·M
Director
$0
6.2K sh
Own New
-
Other·D
Director
$0
3.1K sh
Own -33%
-
Grant·A
Director
$0
383 sh
Own +6%
-
Grant·A
Director
$0
631 sh
Own +11%
-
Grant·A
Director
$0
799 sh
Own +15%
-
Grant·A
Director
$0
1.1K sh
Own +19%
-
Grant·A
Director
$0
1.3K sh
Own +23%
-
Grant·A
Director
$0
1.6K sh
Own +27%
-
Grant·A
Director
$0
2.1K sh
Own +32%
-
Grant·A
Director
$0
2.9K sh
Own +41%
-
Exercise·M
Director
$0
9.9K sh
Own +6%
-
Exercise·M
Director
$0
6.9K sh
Own +5%
-
Exercise·M
Director
$0
6.0K sh
Own +4%
-
Exercise·M
Director
$0
6.0K sh
Own +4%
-
Exercise·M
Director
$0
5.4K sh
Own +4%
-
Exercise·M
Director
$0
7.2K sh
Own +6%
-
Exercise·M
Director
$0
7.6K sh
Own +6%
-
Exercise·M
Director
$0
10.6K sh
Own +10%
-
Exercise·M
Director
$0
8.6K sh
Own +9%
-
Exercise·M
Director
$0
7.4K sh
Own +8%
-
Exercise·M
Director
$0
7.0K sh
Own +8%
-
Exercise·M
Director
$0
7.2K sh
Own +9%
-
Exercise·M
Director
$0
6.1K sh
Own +8%
-
Exercise·M
Director
$0
6.6K sh
Own +10%
-
Exercise·M
Director
$0
7.0K sh
Own +12%
-
Exercise·M
Director
$0
8.1K sh
Own +16%
-
Exercise·M
Director
$0
6.2K sh
Own +14%
| Date▾ | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Jun 15, 2026 | Mark H Courtney | Grant A | 26.0K | $0 |
| Jun 12, 2026 | Thomas Caldecot Chubb III KEY | Buy P | 2.5K | $92.2K |
| Jun 8, 2026 | Diego Anthony Scaglione KEY | Buy P | 5.0K | $37.5K |
| Jun 4, 2026 | Thomas Caldecot Chubb III | Other D | 18.6K | $0 |
| Jun 4, 2026 | Thomas Caldecot Chubb III | Exercise M | 3.7K | $0 |
| Jun 4, 2026 | Thomas Caldecot Chubb III | Exercise M | 3.7K | $0 |
| May 29, 2026 | Brigitte King | Grant A | 22.3K | $0 |
| May 29, 2026 | Joanne D Smith | Grant A | 22.3K | $0 |
| May 29, 2026 | Rhonda Gass | Grant A | 22.3K | $0 |
| May 29, 2026 | Margaret G Lewis | Grant A | 22.3K | $0 |
| May 29, 2026 | Margaret G Lewis | Exercise M | 9.3K | $0 |
| May 29, 2026 | Margaret G Lewis | Exercise M | 9.3K | $0 |
| May 29, 2026 | Sterling A Spainhour Jr. | Grant A | 22.3K | $0 |
| May 29, 2026 | Sterling A Spainhour Jr. | Exercise M | 7.9K | $0 |
| May 29, 2026 | Sterling A Spainhour Jr. | Exercise M | 7.9K | $0 |
| May 29, 2026 | William Jameson Mcfadden | Grant A | 22.3K | $0 |
| May 29, 2026 | William Jameson Mcfadden | Exercise M | 9.3K | $0 |
| May 29, 2026 | William Jameson Mcfadden | Exercise M | 9.3K | $0 |
| May 29, 2026 | James T Spear | Grant A | 22.3K | $0 |
| May 29, 2026 | George E Deese | Exercise M | 9.3K | $0 |
| May 29, 2026 | George E Deese | Exercise M | 9.3K | $0 |
| May 29, 2026 | Thomas Caldecot Chubb III | Grant A | 22.3K | $0 |
| May 29, 2026 | Thomas Caldecot Chubb III | Exercise M | 9.3K | $0 |
| May 29, 2026 | Thomas Caldecot Chubb III | Exercise M | 9.3K | $0 |
| May 29, 2026 | Edward J. Casey Jr. | Exercise M | 9.3K | $0 |
| May 29, 2026 | Edward J. Casey Jr. | Exercise M | 9.3K | $0 |
| May 29, 2026 | Thomas Caldecot Chubb III KEY | Exercise M | 9.0K | $0 |
| May 29, 2026 | Thomas Caldecot Chubb III KEY | Other F | 4.0K | $178.9K |
| May 29, 2026 | Thomas Caldecot Chubb III KEY | Exercise M | 9.0K | $0 |
| Apr 1, 2026 | Ryals Mcmullian KEY | Sell S | 209.0K | $1.7M |
| Mar 18, 2026 | Thomas Caldecot Chubb III KEY | Grant A | 50.0K | $0 |
| Feb 25, 2026 | Ryals Mcmullian KEY | Other F | 42.0K | $405.1K |
| Feb 25, 2026 | Ryals Mcmullian KEY | Grant A | 98.9K | $0 |
| Feb 25, 2026 | Heeth Varnedoe IV KEY | Other F | 7.2K | $69.3K |
| Feb 25, 2026 | Heeth Varnedoe IV KEY | Grant A | 20.5K | $0 |
| Feb 25, 2026 | Thomas L Winters | Other F | 4.4K | $42.6K |
| Feb 25, 2026 | Thomas L Winters | Grant A | 10.9K | $0 |
| Feb 25, 2026 | David M Roach | Other F | 4.3K | $41.9K |
| Feb 25, 2026 | David M Roach | Grant A | 10.7K | $0 |
| Feb 25, 2026 | Stephanie B Tillman | Other F | 8.3K | $80.3K |
| Feb 25, 2026 | Stephanie B Tillman | Grant A | 18.7K | $0 |
| Feb 25, 2026 | Terry S Thomas | Other F | 8.4K | $81.3K |
| Feb 25, 2026 | Terry S Thomas | Grant A | 34.6K | $0 |
| Feb 25, 2026 | Cindy Cox | Other F | 3.1K | $29.6K |
| Feb 25, 2026 | Cindy Cox | Grant A | 12.1K | $0 |
| Feb 25, 2026 | Mark H Courtney | Other F | 5.9K | $57.3K |
| Feb 25, 2026 | Mark H Courtney | Grant A | 12.9K | $0 |
| Feb 25, 2026 | John Mark Chaffin | Other F | 3.1K | $29.8K |
| Feb 25, 2026 | John Mark Chaffin | Grant A | 11.4K | $0 |
| Feb 15, 2026 | Rhonda Gass | Exercise M | 4.2K | $0 |
| Feb 15, 2026 | Rhonda Gass | Grant A | 583 | $0 |
| Feb 15, 2026 | Rhonda Gass | Exercise M | 6.1K | $0 |
| Feb 15, 2026 | Rhonda Gass | Grant A | 799 | $0 |
| Feb 15, 2026 | Rhonda Gass | Exercise M | 4.2K | $0 |
| Feb 15, 2026 | Rhonda Gass | Exercise M | 6.1K | $0 |
| Jan 5, 2026 | Terry S Thomas | Other F | 1.5K | $15.2K |
| Jan 5, 2026 | Terry S Thomas | Other F | 1.4K | $14.1K |
| Jan 5, 2026 | Ryals Mcmullian KEY | Other F | 11.4K | $117.4K |
| Jan 5, 2026 | Ryals Mcmullian KEY | Other F | 10.1K | $103.8K |
| Jan 5, 2026 | Heeth Varnedoe IV KEY | Other F | 1.9K | $19.4K |
| Jan 5, 2026 | Heeth Varnedoe IV KEY | Other F | 1.7K | $18.0K |
| Jan 5, 2026 | Thomas L Winters | Other F | 1.2K | $12.4K |
| Jan 5, 2026 | Thomas L Winters | Other F | 1.1K | $10.9K |
| Jan 5, 2026 | Stephanie B Tillman | Other F | 2.1K | $22.0K |
| Jan 5, 2026 | Stephanie B Tillman | Other F | 2.0K | $20.4K |
| Jan 5, 2026 | David M Roach | Other F | 1.0K | $10.4K |
| Jan 5, 2026 | David M Roach | Other F | 900 | $9.3K |
| Jan 5, 2026 | Cindy Cox | Other F | 755 | $7.8K |
| Jan 5, 2026 | Cindy Cox | Other F | 644 | $6.6K |
| Jan 5, 2026 | Mark H Courtney | Other F | 1.5K | $15.1K |
| Jan 5, 2026 | Mark H Courtney | Other F | 1.3K | $13.1K |
| Jan 5, 2026 | John Mark Chaffin | Other F | 1.1K | $11.3K |
| Jan 5, 2026 | John Mark Chaffin | Other F | 988 | $10.2K |
| Jan 5, 2026 | Cindy Cox | Other F | 663 | $6.8K |
| Jan 5, 2026 | Cindy Cox | Other F | 567 | $5.9K |
| Jan 4, 2026 | Ryals Mcmullian KEY | Grant A | 161.7K | $0 |
| Jan 4, 2026 | Thomas L Winters | Grant A | 20.2K | $0 |
| Jan 4, 2026 | Ryals Mcmullian KEY | Grant A | 172.2K | $0 |
| Jan 4, 2026 | Heeth Varnedoe IV KEY | Grant A | 49.0K | $0 |
| Jan 4, 2026 | Terry S Thomas | Grant A | 41.8K | $0 |
| Jan 4, 2026 | Stephanie B Tillman | Grant A | 36.0K | $0 |
| Jan 4, 2026 | Diego Anthony Scaglione KEY | Grant A | 60.5K | $0 |
| Jan 4, 2026 | David M Roach | Grant A | 19.7K | $0 |
| Jan 4, 2026 | Cindy Cox | Grant A | 20.6K | $0 |
| Jan 4, 2026 | Mark H Courtney | Grant A | 24.6K | $0 |
| Jan 4, 2026 | John Mark Chaffin | Grant A | 20.6K | $0 |
| Jan 2, 2026 | Ryals Mcmullian KEY | Sell S | 209.0K | $2.3M |
| Jan 1, 2026 | Diego Anthony Scaglione KEY | Grant A | 128.7K | $0 |
| Jan 1, 2026 | James T Spear | Exercise M | 7.2K | $0 |
| Jan 1, 2026 | James T Spear | Grant A | 1.1K | $0 |
| Jan 1, 2026 | James T Spear | Exercise M | 7.2K | $0 |
| Jan 1, 2026 | Joanne D Smith | Grant A | 9.2K | $0 |
| Dec 31, 2025 | William Jameson Mcfadden | Other G | 109.3K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 9.9K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.9K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 5.4K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.2K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 10.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 8.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.4K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.2K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 8.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.2K | $0 |
| Dec 31, 2025 | Melvin T Stith | Other D | 3.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 383 | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 631 | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 799 | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 1.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 1.3K | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 1.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 2.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Grant A | 2.9K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 9.9K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.9K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 5.4K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.2K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 10.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 8.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.4K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.2K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.6K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 7.0K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 8.1K | $0 |
| Dec 31, 2025 | Melvin T Stith | Exercise M | 6.2K | $0 |
About FLO insider trading
This page tracks insider transactions for FLOWERS FOODS INC (FLO) reported to the U.S. Securities and Exchange Commission on Form 4. Corporate insiders — directors, executive officers and beneficial owners of more than 10% of the stock — must disclose their trades within two business days. Open-market purchases (code P) and sales (code S) made at the insider's discretion are the most-watched opportunistic signals, while awards (A), option exercises (M) and tax-withholding (F) reflect compensation rather than conviction. Trades marked 10b5-1 were made under a pre-arranged plan and are considered routine. A cluster buy — several insiders buying within a short window — is historically a stronger bullish indicator than any single trade.