Friday, August 11, 2017 10:15 PM ET
Insider purchase at Revlon (REV) prolongs buy activity of Last 90 Days
Substantial 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 — acquired 280,568 shares in the company having a net market value of approximately $5,235,404. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 419,127 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 699,695 shares and have averaged 349,848 shares per transaction over this time period.
Revlon insider trading represents a higher number of buy/sell transactions than for the 16 peer company average over the last 90-day period. The Personal Products peer group saw 14 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Revlon insiders was also higher. Within the peer group there were 2,919,127 shares purchased and 301,810 shares sold with company insiders purchasing 261,732 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 creating and writing this story.
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