Significant Insider Selling in Shares of Fusion Telecommunications International (FSNN) Continues

Wednesday, September 20, 2017 10:15 PM ET

Significant Insider Selling in Shares of Fusion Telecommunications International (FSNN) Continues

There was a notable sale of shares of Fusion Telecommunications International by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Asa Apptix, 10% Owner — sold 699,755 shares in the company having a market value of approximately $1,924,376. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,795,148 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,494,903 shares and have averaged 1,247,452 shares per transaction over this time period.

Fusion Telecommunications International level of buy-sell trading activity is close to the 8 member peer company average. The Wired Telecommunications Carriers peer group saw 13 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by Fusion Telecommunications International insiders is higher. Within the peer group there were 1,806,122 shares purchased and 1,841,398 shares sold with company insiders disposing of 2,714 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

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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