Thursday, August 31, 2017 10:15 PM ET
Insider Sales at Premier (PINC) are Significant and Extend the Selling Trend of Last Quarter
SEC filings today revealed substantial insider sales of Premier shares as two insiders — Susan D DeVore, Director and Officer, and Leigh Anderson, Officer — sold 92,739 shares in the company having a market value of approximately $3,067,004. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 126,849 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 219,588 shares and have averaged 36,598 shares per transaction over this time period.
The number of insider buy/sell trades at Premier is greater than that of the 15 peer company average over the last 90-day period. The Hospitals, Clinics & Primary Care Services peer group saw 18 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Premier insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,028,362 shares sold with company insiders selling 57,131 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
Today’s Insider Activity
* Susan D DeVore, Director and Officer, sold 88,762 shares
* Leigh Anderson, Officer, sold 3,977 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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