Significant Insider Sales Reported in Shares of Saia (SAIA)

Wednesday, August 02, 2017 10:15 PM ET

Significant Insider Sales Reported in Shares of Saia (SAIA)

Saia, today, saw two insiders — Herbert A Trucksess III, Director, and Richard D O’Dell, Officer — dispose 36,400 shares having a market value of approximately $1,966,294, as revealed in form 4 documents filed with the SEC. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 18,200 shares per transaction.

During the last 90 days, the number of insider buy/sell trades at Saia is above the 14-company peer group average. Freight Trucking peer group saw 18 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Saia insiders was also higher. Within the peer group there were 57,376 shares purchased and 76,302 shares sold with company insiders disposing of 1,051 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
* Herbert A Trucksess III, Director, sold 30,000 shares
* Richard D O’Dell, Officer, sold 6,400 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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