Monday, September 18, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of CrossAmerica Partners (CAPL)
There was noteworthy purchase activity in CrossAmerica Partners shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Joseph V Topper Jr, 10% Owner and Director — bought 39,057 shares in the company having a market value of approximately $1,074,664. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 83,178 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 122,235 shares and have averaged 30,559 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at CrossAmerica Partners is above the 5-company peer group average. Petroleum Product Wholesale peer group saw 3 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for CrossAmerica Partners insiders was also higher. Within the peer group there were 0 shares purchased and 8,961 shares sold with company insiders selling 2,987 shares on average.
The data used in evaluating 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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