Wayfair (W) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Wed Jul 26 2017 22:15 ET

EC filings today reported notable insider sales of Wayfair shares as two insiders — James Savarese, Officer, and John Champlin Mulliken, Officer — disposed of 30,182 shares in the company having a market value of approximately $2,414,609. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 2,333,375 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,363,557 shares and have averaged 236,356 shares per transaction over this time period.

The level of buy-sell trading at Wayfair is near the 6 member peer company average. The Internet & Mail Order Department Stores peer group saw 58 buy/sell trades during this period for an average of 9.7 transactions per company. However, the number of shares per buy/sell trade transacted by Wayfair insiders is higher. Within the peer group there were 0 shares purchased and 2,345,465 shares sold with company insiders selling 40,439 shares on average.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* James Savarese, Officer, sold 29,482 shares
* John Champlin Mulliken, Officer, sold 700 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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