Insider at Mohawk Industries (MHK) Makes Significant Sale of Stock

Wednesday, September 06, 2017 10:15 PM ET

Insider at Mohawk Industries (MHK) Makes Significant Sale of Stock

A significant insider sale of the shares of Mohawk Industries was disclosed in a form 4 document filed with the SEC today, showing — Jeffrey S Lorberbaum, 10% Owner, Director and Officer — disposed of 19,700 shares in the company having a market value of approximately $5,022,458. There have been 2 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 6,724 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 26,424 shares and have averaged 8,808 shares per transaction over this time period.

Mohawk Industries level of buy-sell trading activity is close to the 3 member peer company average. The Carpets & Curtains peer group saw 8 buy/sell trades during this period for an average of 2.7 transactions per company. However, the number of shares per buy/sell trade transacted by Mohawk Industries insiders is higher. Within the peer group there were 0 shares purchased and 45,174 shares sold with company insiders disposing of 5,647 shares on average.

The data used in evaluating and writing in this story eliminates 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.

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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