Tuesday, September 12, 2017 10:15 PM ET
Insider Sales at MyoKardia (MYOK) reverse the Buying Trend of Last Quarter
Two insiders — Kevin P Starr, 10% Owner and Director, and Third Rock Ventures II Lp, 10% Owner — sold 422,500 shares of MyoKardia having a market value of approximately $17,390,078, today, as disclosed in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 351,408 company shares and the sale of 44,333 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 115,425 shares and have averaged 136,374 shares per transaction over this time period.
The level of buy/sell trading at MyoKardia is is higher than the 266 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 304 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for MyoKardia insiders was also higher. Within the peer group there were 7,651,508 shares purchased and 13,962,017 shares sold with company insiders disposing of 20,758 shares on average.
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 evaluate and write this story.
Today’s Insider Activity
* Kevin P Starr, 10% Owner and Director, sold 201,250 shares
* Third Rock Ventures II Lp, 10% Owner, sold 221,250 shares
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