Tuesday, August 08, 2017 10:15 PM ET
Insider Sale at Cypress Semiconductor (CY) Continues Selling Trend
An insider — Dana Nazarian, Officer — disposed of 250,075 shares of Cypress Semiconductor having a market value of approximately $3,526,958 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 80,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 330,075 shares and have averaged 110,025 shares per transaction over this time period.
This number of buy-sell trades at Cypress Semiconductor is near average for the 79 member peer company. The Semiconductors peer group saw 199 buy/sell trades during this period for an average of 2.5 transactions per company. However, trading at Cypress Semiconductor represents a lower number of shares per transaction. Within the peer group there were 248,493 shares purchased and 43,265,468 shares sold with company insiders disposing of 216,166 shares on average over this time period.
The data used in composing 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.
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