Wednesday, August 09, 2017 10:15 PM ET
Insider Sale at Marriott Vacations Worldwide (VAC) Continues Selling Trend
There was a significant sale of shares of Marriott Vacations Worldwide by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Brian E Miller, Officer — disposed of 10,500 shares in the company having a market value of approximately $1,203,405. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,407 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 11,907 shares and have averaged 5,954 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Marriott Vacations Worldwide is above its 12-company peer group average. The Hotels, Motels & Cruise Lines peer group saw 17 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Marriott Vacations Worldwide insiders is lower than its peers. Within the peer group there were 28,000 shares purchased and 78,496,423 shares sold with company insiders selling 4,615,790 shares on average over this time period.
The data used in creating 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.
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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