Insider Sale at Marriott International (MAR) Continues Selling Trend

Thursday, September 07, 2017 10:15 PM ET

Insider Sale at Marriott International (MAR) Continues Selling Trend

A filing with the SEC today revealed a significant insider sale of Marriott International shares as — J W Marriott Jr, Director and Officer — sold 26,362 shares in the company having a market value of approximately $2,683,124. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 139,529 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 165,891 shares and have averaged 20,736 shares per transaction over this time period.

The number of insider buy/sell trades at Marriott International is greater than that of the 12 peer company average over the last 90-day period. The Hotels, Motels & Cruise Lines peer group saw 22 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 78,601,759 shares sold with company insiders selling 3,571,535 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write 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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