Thursday, August 10, 2017 10:15 PM ET
Insider trading at Power Solutions International (PSIX) is Significant
There was significant insider activity in Power Solutions International shares today, as reflected in filings with the SEC as two insiders — Gary S Winemaster, 10% Owner, and Weichai America Corp., 10% Owner — traded 400,000 shares in the company having an net market value of approximately $3,800,000. 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 200,000 shares per transaction.
The number of insider buy/sell trades at Power Solutions International is above the 38 peer company average over the last 90-day period. The Electrical Components & Equipment peer group saw 20 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Power Solutions International insiders was also higher. Within the peer group there were 116,500 shares purchased and 114,647 shares sold with company insiders purchasing 103 shares on average.
Significant insider buying and selling activity 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 data obtained in evaluating and writing this story.
Today’s Insider Activity
* Gary S Winemaster, 10% Owner, sold 200,000 shares
* Weichai America Corp., 10% Owner, bought 200,000 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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