Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of JM Smucker (SJM)

Wednesday, August 30, 2017 10:15 PM ET

Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of JM Smucker (SJM)

There was a substantial insider buy in JM Smucker shares today as disclosed in a filing with the SEC. One insider — Richard K Smucker, Director and Officer — acquired 10,000 shares in the company having a net market value of approximately $1,054,000. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 250 company shares and the sale of 16,030 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,780 shares and have averaged 5,256 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at JM Smucker is above the 4-company peer group average. Fruit & Vegetable Processing peer group saw 4 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for JM Smucker insiders was also higher. Within the peer group there were 250 shares purchased and 16,030 shares sold with company insiders selling 3,945 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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