Insiders Make Significant Stock Sales in Seattle Genetics (SGEN) Shares

Wednesday, August 30, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in Seattle Genetics (SGEN) Shares

A significant level of insider sales in Seattle Genetics was disclosed in form 4 documents filed with the SEC today. Six insiders listed below, disposed of 52,453 shares in the company having a market value of approximately $2,512,210. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 8,742 shares per transaction.

Over the last 90 days, the number of insider buy/sell trades at Seattle Genetics is above its 181-company peer group average. The Biotechnology & Medical Research peer group saw 178 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Seattle Genetics insiders is lower than its peers. Within the peer group there were 7,836,546 shares purchased and 41,413,870 shares sold with company insiders disposing of 188,637 shares on average over this time period.

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 composing and writing this story.

Today’s Insider Activity
* Dr Clay B Siegall, Director and Officer, sold 25,506 shares
* Eric Dobmeier, Officer, sold 5,343 shares
* Todd E Simpson, Officer, sold 4,937 shares
* Dr Vaughn B Himes, Officer, sold 6,377 shares
* Jonathan G Drachman, Officer, sold 8,502 shares
* Darren S Cline, Officer, sold 1,788 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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