Friday, September 29, 2017 10:15 PM ET
Insider Sale at Penumbra (PEN) Continues Selling Trend
A filing with the SEC today disclosed a significant insider sale of Penumbra shares as — Robert D Evans, Officer — sold 20,017 shares in the company having a market value of approximately $1,802,183. 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 19,828 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 39,845 shares and have averaged 9,961 shares per transaction over this time period.
This number of buy-sell trades at Penumbra is near average for the 8 member peer company. The Medical Equipment peer group saw 33 buy/sell trades during this period for an average of 4.1 transactions per company. However, trading at Penumbra represents a lower number of shares per transaction. Within the peer group there were 4,552,542 shares purchased and 4,937,640 shares sold with company insiders selling 11,670 shares on average over this time period.
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 obtained in composing and writing this story.
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