Wednesday, August 09, 2017 10:15 PM ET
Significant Insider buy of Revlon (REV) Shares Breaks neutral Trend of Last Quarter
Notable insider buying activity was revealed in Revlon shares in a form 4 document filed with the SEC today, showing — Ronald O Perelman, 10% Owner and Director — purchased 419,127 shares in the company having a net market value of approximately $7,775,619. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Revlon is close to that of the 16 member peer company average. The Personal Products peer group saw 15 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Revlon insiders is higher. Within the peer group there were 2,500,000 shares purchased and 314,820 shares sold with company insiders having bought 198,653 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose 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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