Tuesday, October 10, 2017 10:15 PM ET
Significant Insider Selling in Shares of Intest (INTT) Continues
A filing with the SEC today disclosed a significant insider sale of Intest shares as — Nokomis Capital Llc, 10% Owner — disposed of 120,000 shares in the company having a market value of approximately $1,128,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 148,769 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 268,769 shares and have averaged 134,385 shares per transaction over this time period.
The level of buy/sell trading at Intest is is above the 27 peer company average over the last 90-day period. The Testing & Measuring Equipment peer group saw 30 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Intest insiders was also higher. Within the peer group there were 7,000 shares purchased and 432,683 shares sold with company insiders having sold 14,189 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in evaluating and writing this story.
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