Significant Insider Selling in Shares of Fusion Telecommunications International (FSNN) Continues

Wednesday, September 06, 2017 10:15 PM ET

Significant Insider Selling in Shares of Fusion Telecommunications International (FSNN) Continues

An insider — Unterberg Capital Llc, 10% Owner — sold 572,200 shares of Fusion Telecommunications International having a market value of approximately $1,662,825 today, as indicated in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 21,774 company shares and the disposition of 1,384,499 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,934,925 shares and have averaged 329,746 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Fusion Telecommunications International is greater than the 8-company peer group average. Wired Telecommunications Carriers peer group saw 17 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for Fusion Telecommunications International insiders was also higher. Within the peer group there were 1,827,896 shares purchased and 1,421,999 shares sold with company insiders acquiring 45,100 shares on average.

Significant insider buying and selling activity 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 data sourced 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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