Thursday, September 28, 2017 10:15 PM ET
Mercer International (MERC) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
Significant insider buying activity was disclosed in Mercer International shares in a form 4 document filed with the SEC today, showing — Peter R Kellogg, 10% Owner — acquired 125,000 shares in the company having a net market value of approximately $1,425,000. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 192,209 company shares and the sale of 122,560 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 194,649 shares and have averaged 87,954 shares per transaction over this time period.
Insider buy/sell trading at Mercer International is higher than the 10 peer company average over the last 90-day period. The Paper Products peer group saw 13 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Mercer International insiders was also higher. Within the peer group there were 202,209 shares purchased and 127,460 shares sold with company insiders purchasing 12,458 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 creating and writing this story.
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