Wednesday, September 06, 2017 10:15 PM ET
Insider Selling at Marriott International (MAR) Continues with Significant Sale
There was a notable sale of shares of Marriott International by an insider today, as indicated in a form 4 document filed with the SEC. One insider — J W Marriott Jr, Director and Officer — disposed of 10,376 shares in the company having a market value of approximately $1,058,456. There have been 6 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 129,153 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 139,529 shares and have averaged 19,933 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Marriott International is higher than its 12-company peer group average. The Hotels, Motels & Cruise Lines peer group saw 21 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Marriott International insiders is lower than its peers. Within the peer group there were 28,000 shares purchased and 78,591,383 shares sold with company insiders selling 3,741,113 shares on average over this time period.
The data used in creating 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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