Thursday, October 12, 2017 10:15 PM ET
Insider Selling in Advaxis (ADXS) Shares Continues
There was a substantial sale of shares of Advaxis by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Adage Capital Partners Gp Llc, 10% Owner — disposed of 600,000 shares in the company having a market value of approximately $2,580,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,239,323 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,839,323 shares and have averaged 919,662 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Advaxis is higher than the 183-company peer group average. Biotechnology & Medical Research peer group saw 218 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Advaxis insiders was also higher. Within the peer group there were 10,499,925 shares purchased and 50,756,302 shares sold with company insiders selling 184,662 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 sourced 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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