Tuesday, September 05, 2017 10:15 PM ET
Significant Insider Selling in Shares of Stamps.com (STMP) Continues
One Stamps.com insider Lloyd I Miller III, Director, today, disposed of 18,000 shares having a market value of approximately $3,473,024, as revealed in a form 4 document filed with the SEC. 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 133,287 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 151,287 shares and have averaged 30,257 shares per transaction over this time period.
The number of insider buy/sell trades at Stamps.com is greater than that of the 18 peer company average over the last 90-day period. 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 102,171 shares purchased and 553,287 shares sold with company insiders selling 26,536 shares on average over this time period.
In order to focus on 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 data used to compose and write this story.
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