Tuesday, August 29, 2017 10:15 PM ET
Hasbro (HAS) sees Significant Insider Selling Continuing
One insider — Alan G Hassenfeld, 10% Owner and Director — today, sold 17,834 shares of Hasbro having a market value of approximately $1,699,502, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 650,374 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 668,208 shares and have averaged 334,104 shares per transaction over this time period.
The number of buy-sell trades for Hasbro is close to that of the 7 member peer company average. The Toys & Juvenile Products peer group saw 12 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares per buy/sell trade transacted by Hasbro insiders is higher. Within the peer group there were 37,203 shares purchased and 747,385 shares sold with company insiders having sold 59,182 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write this story.
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