Friday, October 13, 2017 10:15 PM ET
Insider Selling in Hershey (HSY) Shares Continues
One Hershey insider Javier H Idrovo, Officer, today, disposed of 15,132 shares having a market value of approximately $1,665,095, as revealed in a form 4 document filed with the SEC. There have been 3 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 9,001,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 9,016,332 shares and have averaged 2,254,083 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Hershey is above the 39-company peer group average. Food Processing peer group saw 32 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Hershey insiders was also higher. Within the peer group there were 9,944 shares purchased and 9,140,010 shares sold with company insiders selling 285,315 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 used to compose and write this story.
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