Tuesday, October 10, 2017 10:15 PM ET
Insider Sale at Facebook (FB) Continues Selling Trend
A substantial insider sale of the shares of Facebook was indicated in a form 4 document filed with the SEC today, showing — Christopher K Cox, Officer — disposed of 16,000 shares in the company having a market value of approximately $2,766,232. There have been 5 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 812,055 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 828,055 shares and have averaged 138,009 shares per transaction over this time period.
Insiders at Facebook have a level of buy/sell trades that is above the 11-peer company average over the last 90-day period. The Social Media & Networking peer group saw 34 buy/sell trades during this period for an average of 3.1 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 0 shares purchased and 3,592,840 shares sold with company insiders selling 105,672 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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