Friday, September 01, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Stamps.com (STMP)
A significant insider sale of the shares of Stamps.com was indicated in a form 4 document filed with the SEC today, showing — Lloyd I Miller III, Director — disposed of 22,000 shares in the company having a market value of approximately $4,209,073. 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 111,287 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 133,287 shares and have averaged 26,657 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 18 buy/sell trades during this period for an average of 1.0 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 531,287 shares sold with company insiders disposing of 22,423 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to evaluate 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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