Significant Insider Sales in Shares of Simpson Manufacturing (SSD) Extends the Selling Trend of Last Quarter

Wednesday, October 18, 2017 10:15 PM ET

Significant Insider Sales in Shares of Simpson Manufacturing (SSD) Extends the Selling Trend of Last Quarter

There was substantial level of selling of Simpson Manufacturing shares by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders — Simpson PSB Fund, Required Filer, and Sharon H Simpson, 10% Owner — disposed of 193,258 shares in the company having a market value of approximately $9,583,810. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 643,866 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 837,124 shares and have averaged 209,281 shares per transaction over this time period.

Insider buy/sell trading at Simpson Manufacturing is greater than the 19 peer company average over the last 90-day period. The Construction Supplies & Fixtures peer group saw 20 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 800,081 shares purchased and 802,025 shares sold with company insiders having sold 97 shares on average.

In order to focus on 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 data obtained to compose and write this story.

Today’s Insider Activity
* Simpson PSB Fund, Required Filer, sold 96,629 shares
* Sharon H Simpson, 10% Owner, sold 96,629 shares

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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