Friday, September 15, 2017 10:15 PM ET
Select Medical Holdings (SEM) sees Significant Insider Selling Continuing
One insider — David S Chernow, Officer — today, sold 133,025 shares of Select Medical Holdings having a market value of approximately $2,374,496, 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 35,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 168,025 shares and have averaged 84,013 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Select Medical Holdings is higher than its 41-company peer group average. The Healthcare Facilities & Services peer group saw 48 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Select Medical Holdings insiders is lower than its peers. Within the peer group there were 9,886,552 shares purchased and 7,060,632 shares sold with company insiders purchasing 94,197 shares on average over this time period.
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.
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