Wednesday, September 27, 2017 10:15 PM ET
Insider Sales at MyoKardia (MYOK) are Significant and Extend the Selling Trend of Last Quarter
Two insiders — Kevin P Starr, 10% Owner and Director, and Third Rock Ventures II Lp, 10% Owner — today, disposed of 1,202,800 shares of MyoKardia having a market value of approximately $51,720,400, as reported in form 4 documents filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 351,408 company shares and the disposition of 466,833 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,318,225 shares and have averaged 252,630 shares per transaction over this time period.
The number of insider buy/sell trades at MyoKardia is higher than the 266 peer company average over the last 90-day period. The Bio Therapeutic Drugs peer group saw 311 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for MyoKardia insiders was also higher. Within the peer group there were 8,905,444 shares purchased and 17,956,517 shares sold with company insiders having sold 29,103 shares on average.
The data used in composing 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.
Today’s Insider Activity
* Kevin P Starr, 10% Owner and Director, sold 601,400 shares
* Third Rock Ventures II Lp, 10% Owner, sold 601,400 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.
For more information, contact UpTick at email@example.com. Copyright 2017 UpTick Data Technologies. All rights reserved.