Tuesday, August 29, 2017 10:15 PM ET
Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of Nexeo Solutions (NXEO)
Significant insider buying activity was disclosed in Nexeo Solutions shares in a form 4 document filed with the SEC today, showing — First Pacific Advisors Llc, 10% Owner — purchased 250,000 shares in the company having a net market value of approximately $1,812,500. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 242,190 company shares and the disposition of 2,322,562 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,830,372 shares and have averaged 703,688 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Nexeo Solutions is greater than the 6-company peer group average. Commodity Chemicals Wholesale peer group saw 14 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Nexeo Solutions insiders was also higher. Within the peer group there were 484,380 shares purchased and 4,645,124 shares sold with company insiders having sold 297,196 shares on average.
Insider buying and selling activity that is significant 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 creating and writing this story.
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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