Significant Insider Selling Continues at Molina Healthcare (MOH)

Wednesday, September 13, 2017 10:15 PM ET

Significant Insider Selling Continues at Molina Healthcare (MOH)

A notable insider sale of the shares of Molina Healthcare was disclosed in a form 4 document filed with the SEC today, showing — John C Molina, Director — sold 15,208 shares in the company having a market value of approximately $1,000,489. 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 315,288 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 330,496 shares and have averaged 41,312 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Molina Healthcare is higher than its 41-company peer group average. The Healthcare Facilities & Services peer group saw 50 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Molina Healthcare insiders is lower than its peers. Within the peer group there were 9,896,552 shares purchased and 7,785,206 shares sold with company insiders purchasing 68,108 shares on average over this time period.

To bring into focus 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 in data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, 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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