Wednesday, October 18, 2017 10:15 PM ET
Insider Sale at Cypress Semiconductor (CY) Continues Selling Trend
There was a substantial insider sale of Cypress Semiconductor shares today, as disclosed in a filing with the SEC as — Trent Thad, Officer — disposed of 74,818 shares in the company having a market value of approximately $1,180,194. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 60,000 company shares and the sale of 295,047 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 309,865 shares and have averaged 61,409 shares per transaction over this time period.
The number of insider buy/sell trades at Cypress Semiconductor is greater than that of the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 177 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares traded per transaction by Cypress Semiconductor insiders is lower than its peers. Within the peer group there were 187,030 shares purchased and 56,781,835 shares sold with company insiders disposing of 319,745 shares on average over this time period.
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.
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