Significant Insider Selling in Shares of Applied Materials (AMAT) Continues

Friday, October 06, 2017 10:15 PM ET

Significant Insider Selling in Shares of Applied Materials (AMAT) Continues

A substantial insider sale of the shares of Applied Materials was indicated in a form 4 document filed with the SEC today, showing — Thomas F Larkins, Officer — sold 30,000 shares in the company having a market value of approximately $1,537,200. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 22,762 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 52,762 shares and have averaged 26,381 shares per transaction over this time period.

Applied Materials insider trading represents a higher number of buy/sell trades than for the 3 peer company average over the last 90-day period. The Semiconductor Machinery Manufacturing peer group saw 1 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Applied Materials insiders was also higher. Within the peer group there were 0 shares purchased and 22,762 shares sold with company insiders having sold 22,762 shares on average.

In determining significant insider buying and selling, 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 create 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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