Monday, September 18, 2017 10:15 PM ET
Insider Selling at WellCare Health Plans (WCG) Continues with Significant Sale
There was a substantial sale of shares of WellCare Health Plans by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Kenneth A Burdick, Director and Officer — disposed of 8,500 shares in the company having a market value of approximately $1,481,058. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,374 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 16,874 shares and have averaged 8,437 shares per transaction over this time period.
The level of buy-sell trading at WellCare Health Plans is near the 10 member peer company average. The Managed Healthcare peer group saw 16 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by WellCare Health Plans insiders is higher. Within the peer group there were 0 shares purchased and 70,965 shares sold with company insiders selling 4,435 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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