Monday, July 31, 2017 10:15 PM ET
Insider Sale at Ormat Technologies (ORA) Continues Selling Trend
One insider — Isaac Angel, Officer — today, sold 250,000 shares of Ormat Technologies having a market value of approximately $14,250,000, as disclosed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 7,340,146 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 7,590,146 shares and have averaged 1,518,029 shares per transaction over this time period.
The number of insider buy/sell trades at Ormat Technologies is greater than the 64 peer company average over the last 90-day period. The Electric Utilities peer group saw 91 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Ormat Technologies insiders was also higher. Within the peer group there were 195,253 shares purchased and 7,615,407 shares sold with company insiders selling 81,540 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in composing and writing this story.
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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