Monday, October 16, 2017 10:15 PM ET
Insider Sale at Medtronic (MDT) Continues Selling Trend
A filing with the SEC today revealed a notable insider sale of Medtronic shares as — Bryan C Hanson, Officer — sold 16,000 shares in the company having a market value of approximately $1,248,480. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 12,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 28,000 shares and have averaged 14,000 shares per transaction over this time period.
The number of insider buy/sell trades at Medtronic is above that of the 81 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 90 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Medtronic insiders is lower than its peers. Within the peer group there were 394,951 shares purchased and 1,210,570 shares sold with company insiders disposing of 9,062 shares on average over this time period.
The data used in composing and writing in this story eliminates 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.
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