Insider Selling at Waste Connections (WCN) Continues with Significant Sale

Tuesday, August 01, 2017 10:15 PM ET

Insider Selling at Waste Connections (WCN) Continues with Significant Sale

There was a significant sale of shares of Waste Connections by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Worthing Jackman, Officer — disposed of 30,000 shares in the company having a market value of approximately $1,950,039. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 2,000 company shares and the disposition of 24,400 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 52,400 shares and have averaged 11,280 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Waste Connections is higher than its 15-company peer group average. The Waste Management, Disposal & Recycling Services peer group saw 20 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Waste Connections insiders is lower than its peers. Within the peer group there were 391,761 shares purchased and 646,769 shares sold with company insiders disposing of 12,750 shares on average over this time period.

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 used to evaluate and write 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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