Wednesday, September 13, 2017 10:15 PM ET
Insider Sale at The Brink’s Co (BCO) Continues Selling Trend
There was a significant sale of shares of The Brink’s Co by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Peter A Feld, Director — disposed of 27,000 shares in the company having a market value of approximately $2,182,340. 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 414,070 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 441,070 shares and have averaged 147,023 shares per transaction over this time period.
The number of insider buy/sell trades at The Brink’s Co is greater than that of the 67 peer company average over the last 90-day period. The Business Support Services peer group saw 72 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by The Brink’s Co insiders is lower than its peers. Within the peer group there were 155,970 shares purchased and 19,975,397 shares sold with company insiders disposing of 275,270 shares on average over this time period.
Insider buying and selling activity that is significant 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 creating and writing this story.
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