Friday, September 29, 2017 10:15 PM ET
Significant Insider Selling Continues at Multi Color Corporation (LABL)
One insider — Nigel A Vinecombe, Director and Officer — today, disposed of 14,699 shares of Multi Color Corporation having a market value of approximately $1,206,705, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 35,301 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 50,000 shares and have averaged 25,000 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Multi Color Corporation is greater than the 12-company peer group average. Commercial Printing Services peer group saw 14 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Multi Color Corporation insiders was also higher. Within the peer group there were 128,695 shares purchased and 40,217 shares sold with company insiders having bought 8,848 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to compose and write this story.
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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