Insider Buying at Intrepid Potash (IPI) is Significant and Extends Trend of Last Quarter

Friday, August 11, 2017 10:15 PM ET

Insider Buying at Intrepid Potash (IPI) is Significant and Extends Trend of Last Quarter

There were significant insider purchases of Intrepid Potash shares today, as shown in filings with the SEC as two insiders — Clearway Capital Management Ltd, 10% Owner, and Joseph G Montoya, Officer — acquired 476,700 shares in the company having a net market value of approximately $1,605,827. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 1,232,031 company shares and the disposition of 12,669 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,696,062 shares and have averaged 344,280 shares per transaction over this time period.

Intrepid Potash insider trading represents a level of buy/sell trades that is above for the 16 peer company average over the last 90-day period. The Agricultural Chemicals peer group saw 15 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Intrepid Potash insiders was also higher. Within the peer group there were 1,237,331 shares purchased and 49,204 shares sold with company insiders purchasing 132,014 shares on average.

The data obtained 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.

Today’s Insider Activity
* Clearway Capital Management Ltd, 10% Owner, bought 476,400 shares
* Joseph G Montoya, Officer, bought 300 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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