Wednesday, August 02, 2017 10:15 PM ET
Northrop Grumman (NOC) sees Significant Insider Sales Extending the Trend of Last Quarter
A notable level of insider sales in Northrop Grumman was reported in form 4 documents filed with the SEC today. Two insiders — Kathy J Warden, Officer, and Lisa R Davis, Officer — disposed of 9,659 shares in the company having a market value of approximately $2,544,218. There have been 4 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 68,154 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 77,813 shares and have averaged 12,969 shares per transaction over this time period.
Northrop Grumman insider trading represents a higher number of buy/sell trades than for the 39 peer company average over the last 90-day period. The Aerospace & Defense peer group saw 32 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Northrop Grumman insiders was also higher. Within the peer group there were 14,183 shares purchased and 277,154 shares sold with company insiders disposing of 8,218 shares on average.
Insider buying and selling activity that is significant 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 evaluating and writing this story.
Today’s Insider Activity
* Kathy J Warden, Officer, sold 9,292 shares
* Lisa R Davis, Officer, sold 367 shares
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