Friday, September 15, 2017 10:15 PM ET
FibroGen (FGEN) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was a notable level of share sales at FibroGen today, as disclosed in filings with the SEC. Three insiders — Rory B Riggs, Director, Dr K Peony Yu, Officer, and Thomas B Neff, Director and Officer — sold 66,487 shares in the company having a market value of approximately $3,439,675. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 19,351 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 85,838 shares and have averaged 14,306 shares per transaction over this time period.
The number of insider buy/sell trades at FibroGen is above that of the 182 peer company average over the last 90-day period. The Biotechnology & Medical Research peer group saw 202 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by FibroGen insiders is lower than its peers. Within the peer group there were 8,007,349 shares purchased and 36,187,821 shares sold with company insiders disposing of 139,507 shares on average over this time period.
The data obtained 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
* Rory B Riggs, Director, sold 25,000 shares
* Dr K Peony Yu, Officer, sold 2,851 shares
* Thomas B Neff, Director and Officer, sold 38,636 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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