Wednesday, September 27, 2017 10:15 PM ET
Insider Selling in Twitter (TWTR) Shares Continues
A SEC filing today revealed a substantial insider sale of Twitter shares as — Evan Clark Williams, Director — sold 319,385 shares in the company having a market value of approximately $5,402,939. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 2,463,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,783,285 shares and have averaged 695,821 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Twitter is above the 12-company peer group average. Social Media & Networking peer group saw 35 buy/sell trades during this period for an average of 2.9 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 0 shares purchased and 3,741,955 shares sold with company insiders having sold 106,913 shares on average.
The data sourced in evaluating 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.
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