Significant Insider Sales in Shares of Facebook (FB) Extends the Selling Trend of Last Quarter

Thursday, September 21, 2017 10:15 PM ET

Significant Insider Sales in Shares of Facebook (FB) Extends the Selling Trend of Last Quarter

There was a notable level of share sales at Facebook today, as reported in filings with the SEC. Two insiders — Colin Stretch, Officer, and Christopher K Cox, Officer — disposed of 16,750 shares in the company having a market value of approximately $2,859,920. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 827,305 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 844,055 shares and have averaged 120,579 shares per transaction over this time period.

Insiders at Facebook have a level of buy/sell trades that is above the 12-peer company average over the last 90-day period. The Social Media & Networking peer group saw 32 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 0 shares purchased and 3,276,205 shares sold with company insiders disposing of 102,381 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.

Today’s Insider Activity
* Colin Stretch, Officer, sold 750 shares
* Christopher K Cox, Officer, sold 16,000 shares

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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