Corium International (CORI) Insider Makes Significant Share Sale

Friday, October 06, 2017 10:15 PM ET

Corium International (CORI) Insider Makes Significant Share Sale

A substantial insider sale of the shares of Corium International was indicated in a form 4 document filed with the SEC today, showing — Broadfin Healthcare Master Fund Ltd, 10% Owner — disposed of 218,100 shares in the company having a market value of approximately $2,401,107. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 32,453 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 250,553 shares and have averaged 83,518 shares per transaction over this time period.

Insiders at Corium International have a level of buy/sell trades that is above the 115-peer company average over the last 90-day period. The Pharmaceuticals peer group saw 109 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Corium International insiders was also higher. Within the peer group there were 2,804,099 shares purchased and 5,330,685 shares sold with company insiders selling 23,180 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate 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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