Friday, September 01, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Pfizer (PFE) Extending the Trend of Last Quarter
SEC filings today reported substantial insider sales of Pfizer shares as three insiders — Frank A D’Amelio, Officer, Ian C Read, Director and Officer, and Dr Alexander R MacKenzie, Officer — disposed of 298,927 shares in the company having a market value of approximately $10,163,518. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 120,014 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 418,941 shares and have averaged 69,824 shares per transaction over this time period.
The number of insider buy/sell trades at Pfizer is higher than that of the 112 peer company average over the last 90-day period. The Pharmaceuticals peer group saw 111 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Pfizer insiders is lower than its peers. Within the peer group there were 3,389,986 shares purchased and 5,016,302 shares sold with company insiders selling 14,651 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 obtained to evaluate and write this story.
Today’s Insider Activity
* Frank A D’Amelio, Officer, sold 94,409 shares
* Ian C Read, Director and Officer, sold 197,168 shares
* Dr Alexander R MacKenzie, Officer, sold 7,350 shares
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