Insider Makes Significant Stock Sells in Systemax (SYX) Shares

Tuesday, September 19, 2017 10:15 PM ET

Insider Makes Significant Stock Sells in Systemax (SYX) Shares

A substantial insider sale of the shares of Systemax was disclosed in a form 4 document filed with the SEC today, showing — Lawrence P Reinhold, Director and Officer — sold 47,880 shares in the company having a market value of approximately $1,200,157. This is the first insider buy/sell trade in the past 90 days.

During the last 90 days, the number of insider buy/sell trades at Systemax is lower than the 10-company peer group average. Computer & Electronics Retailers peer group saw 22 buy/sell trades during this period for an average of 2.2 transactions per company. However, the number of shares per buy/sell trade for Systemax is higher. Within the peer group there were 0 shares purchased and 237,707 shares sold with company insiders selling 10,805 shares on average.

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.

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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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