Thursday, September 14, 2017 10:15 PM ET
Insiders at Sysco (SYY) Make Significant Stock Sales
In SEC filings today Sysco revealed two insiders — Joshua D Frank, Director, and Nelson Peltz, Director — sold 744,628 shares in the company having a market value of approximately $39,530,286. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 372,314 shares per transaction.
The level of buy/sell trading at Sysco is is greater than the 20 peer company average over the last 90-day period. The Food Retail & Distribution peer group saw 8 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Sysco insiders was also higher. Within the peer group there were 46,625 shares purchased and 28,448 shares sold with company insiders purchasing 2,272 shares on average.
The data sourced in creating 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.
Today’s Insider Activity
* Joshua D Frank, Director, sold 372,314 shares
* Nelson Peltz, Director, sold 372,314 shares
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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