Tuesday, September 26, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of RH (RH)
There was a substantial insider purchase in RH shares today as disclosed in a filing with the SEC. One insider — Gary G Friedman, 10% Owner, Director and Officer — bought 13,959 shares in the company having a net market value of approximately $1,000,014. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 14,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 27,959 shares and have averaged 13,980 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at RH is greater than the 7-company peer group average. Home Furnishings Retailers peer group saw 2 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for RH insiders was also higher. Within the peer group there were 14,000 shares purchased and 1,391 shares sold with company insiders acquiring 6,305 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.
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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