Insider Selling at iRythm Technologies (IRTC) Continues with Significant Sale

Tuesday, August 08, 2017 10:15 PM ET

Insider Selling at iRythm Technologies (IRTC) Continues with Significant Sale

There was a notable sale of shares of iRythm Technologies by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Raymond W. Scott, Director — disposed of 52,903 shares in the company having a market value of approximately $2,306,042. 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 1,425,624 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,478,527 shares and have averaged 492,842 shares per transaction over this time period.

The number of buy-sell trades for iRythm Technologies is close to that of the 1 member peer company average. The Medical Monitoring Systems peer group saw 3 buy/sell trades during this period for an average of 3.0 transactions per company. However, the number of shares per buy/sell trade transacted by iRythm Technologies insiders is higher. Within the peer group there were 0 shares purchased and 1,425,624 shares sold with company insiders disposing of 475,208 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to create 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.

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