Thursday, August 31, 2017 10:15 PM ET
Insider Makes Significant Stock Sells in Philip Morris International (PM) Shares
There was a substantial sale of shares of Philip Morris International by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Drago Azinovic, Officer — disposed of 14,000 shares in the company having a market value of approximately $1,624,000. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at Philip Morris International is greater than that of the 10 peer company average over the last 90-day period. The Tobacco peer group saw 1 buy/sell trades during this period for an average of 0.1 transactions per company. However, the number of shares traded per transaction by Philip Morris International insiders is lower than its peers. Within the peer group there were 824,757,460 shares purchased and 0 shares sold with company insiders purchasing 824,757,460 shares on average over this time period.
The data sourced in evaluating 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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