Wednesday, August 30, 2017 10:15 PM ET
Significant Insider Selling Continues at Fabrinet (FN)
One Fabrinet insider — Harpal Gill, Officer — today, disposed of 50,000 shares having a market value of approximately $1,953,700, 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 105,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 155,000 shares and have averaged 77,500 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Fabrinet is greater than the 8-company peer group average. Electronic Repair Services peer group saw 6 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Fabrinet insiders was also higher. Within the peer group there were 23,000 shares purchased and 125,000 shares sold with company insiders selling 17,000 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.
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