Significant Insider Selling in Shares of Shake Shack (SHAK) Continues

Thursday, September 14, 2017 10:15 PM ET

Significant Insider Selling in Shares of Shake Shack (SHAK) Continues

There was a substantial sale of shares of Shake Shack by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Jeffrey Flug, 10% Owner and Director — disposed of 39,619 shares in the company having a market value of approximately $1,244,201. 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 60,983 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 100,602 shares and have averaged 33,534 shares per transaction over this time period.

Shake Shack insider trading represents a higher number of buy/sell transactions than for the 37 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 48 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 1,372,743 shares purchased and 85,983 shares sold with company insiders acquiring 49,491 shares on average.

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.

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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