Significant Insider Selling in Shares of Cerner (CERN) Continues

Monday, August 14, 2017 10:15 PM ET

Significant Insider Selling in Shares of Cerner (CERN) Continues

An insider — Clifford W Illig, Director and Officer — disposed of 118,113 shares of Cerner having a market value of approximately $7,326,549 today, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 15,400 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 133,513 shares and have averaged 33,378 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Cerner is higher than the 87-company peer group average. Advanced Medical Equipment & Technology peer group saw 90 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Cerner insiders was also higher. Within the peer group there were 488,322 shares purchased and 475,034 shares sold with company insiders acquiring 256 shares on average.

The data sourced 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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