Significant Insider Selling in Shares of Mine Safety Appliances

Friday, September 01, 2017 10:15 PM ET

Significant Insider Selling in Shares of Mine Safety Appliances

A SEC filing today indicated a notable insider sale of Mine Safety Appliances shares as — John T Ryan III, Director — disposed of 32,100 shares in the company having a market value of approximately $2,292,956. This is the first insider buy/sell trade in the past 90 days.

Mine Safety Appliances level of buy-sell trading activity is close to the 11 member peer company average. The Business Support Supplies peer group saw 8 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Mine Safety Appliances insiders is higher. Within the peer group there were 12,313 shares purchased and 39,175 shares sold with company insiders disposing of 3,358 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing 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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