Friday, September 29, 2017 10:15 PM ET
Neogen (NEOG) sees Significant Insider Selling Continuing
A SEC filing today revealed a significant insider sale of Neogen shares as — Edward Bradley, Officer — sold 20,000 shares in the company having a market value of approximately $1,535,830. 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 500 company shares and the disposition of 48,148 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 67,648 shares and have averaged 13,730 shares per transaction over this time period.
The number of insider buy/sell trades at Neogen is higher than that of the 80 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 86 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Neogen insiders is lower than its peers. Within the peer group there were 394,960 shares purchased and 1,104,803 shares sold with company insiders disposing of 8,254 shares on average over this time period.
The data obtained 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.
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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