Thursday, September 14, 2017 10:15 PM ET
Insider at Tiffany & Co (TIF) Makes Significant Sale of Stock Slowing Buy Trend of Last Quarter
A filing with the SEC today revealed a notable insider sale of Tiffany & Co shares as — Investment Authority Qatar, 10% Owner — disposed of 4,400,000 shares in the company having a market value of approximately $414,304,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 150,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,250,000 shares and have averaged 2,275,000 shares per transaction over this time period.
Insider buy/sell trading at Tiffany & Co is above the 4 peer company average over the last 90-day period. The Jewelry & Watch Retailers peer group saw 3 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Tiffany & Co insiders was also higher. Within the peer group there were 150,000 shares purchased and 0 shares sold with company insiders having bought 150,000 shares on average.
The data used in composing and writing in this story eliminates 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.
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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