Insider Sale at Cerner (CERN) Continues Selling Trend

Friday, September 15, 2017 10:15 PM ET

Insider Sale at Cerner (CERN) Continues Selling Trend

One Cerner insider — Michael Nill, Officer — today, sold 99,470 shares having a market value of approximately $7,007,662, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 118,113 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 217,583 shares and have averaged 108,792 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Cerner is above the 88-company peer group average. Advanced Medical Equipment & Technology peer group saw 86 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Cerner insiders was also higher. Within the peer group there were 457,756 shares purchased and 873,524 shares sold with company insiders disposing of 4,835 shares on average.

The data obtained 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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