Thursday, August 31, 2017 10:15 PM ET
Significant Insider Selling Continues at Stamps.com (STMP)
A SEC filing today indicated a notable insider sale of Stamps.com shares as — Lloyd I Miller III, Director — disposed of 28,000 shares in the company having a market value of approximately $5,451,347. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 83,287 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 111,287 shares and have averaged 22,257 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Stamps.com is greater than its 18-company peer group average. The Other Specialty Retailers peer group saw 17 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Stamps.com insiders is lower than its peers. Within the peer group there were 127,671 shares purchased and 503,287 shares sold with company insiders disposing of 22,095 shares on average over this time period.
In determining significant insider buying and selling, 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 used to create and write 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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